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JAN 


1896.  THE    DAWN    QUARTERLY.  VOL.1.    NO.  1. 


f  17  BR§Jt)Xlll|uarterly  by'theDAWN  Pubi^ishing  Co..  Chicago.    Price  $1.00  per 
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GIVE  LIVING  WATER 
IN  LOVING  KINDNESS 
TO  SUFFERING    MEN. 


The  yoke  of  Ti-uth  is  easy. 
The  burden  of  Love  is  light. 


tvxxtk  sTtalt  malue  v^on  fvtt. 


IN    THE    COURSE    OF    HUMAN    EVENTS 

It  Has  Become  Necessary  for  the  People 

to  Dissolve  the  Legal  Bands 

Which  Unite  Them  to 

Monetary  Despotism. 

To  Prove  This 

These  Facts  Are  Submitted 

to  a  Candid 

World. 


A  question  is  never  settled  till  it  is 

settled  right.— B.  Disraeli. 
(Notico  next  pace.) 


SUBSCR/PT/ONS    WANTED, 
ADVERTISEMENTS    WANTED. 
AGENTS    WANTED, 

LIBERAL    TERMS    GIVEN, 


A  popular  book  on  the  right  side  and  at  the  right  time,  and 
a  good  seller.  Sells  equally  well  to  members  of  all  parties,  for 
in  it  there  is  not  a  line  of  hatred.  At  the  same  time  it  is  fearless, 
true  and  full  of  information.    Big  wages  made  by  agents. 

EVERY  VOTER  SHOULD  HAVE  A  COPY. 

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or  your  dollar  and  help  disseminate  knowledge  vital  to  every 
patriotic  citizen.  That's  the  way  to  carry  on  a  campaign  of 
education  and  spread  terror  into  the  ranks  of  the  money  monop- 
oly. Victory  is  only  a  matter  of  patience,  persistence,  and  time- 
not  long,  either.  We  want  the  assistance  of  every  man  and 
woman  who  believes  there  is  something  wrong  somewhere.  We 
want  every  faithful  shoulder  to  the  wheel. 

GEORGE    P.    REED, 
Author  of  "The  Crash  of  the  Gold  Combine." 


THS  ^  .\ 


CRASH  OF  THE  GOLD  COMBINE, 


OR 


GOOD   GOLD    CHEAP. 


THE    GAUNTLET    THROWN    DOWN 
—  at  the  — 

FEET  OF  SINGLE  GOLD  STANDARD  ADVOCATES. 

THE    FINANCIAL    QUESTION    SETTLED    AND 
SETTLED    RIGHT. 

From  Cover  to  Cover  this  is  a  Work  that  with  Reason  Appeals  to 
Reason   and  is  Bold,  True  and  Free. 


HEBE    Ton  GET] 

MANY  FOLD   TOUR  MONEY'S   WORTH  OF  WINNOWED  GRAIN 

WITHOUT  BEING  ENVELOPED   IN  CLOUDS 

^OF  POWDERED   CHAFF. 


A  New  and  Absolutely  Invincible  Argument  is  Presented  and  the 
Whole  Scope  of  the  Financial  Question  Indicated. 

-By- 

--  GEORGE    P.    REED. 


7BEsr?rl 


Publishers: 

THE    DAWN    PUBLISHING    CO., 

655  62nd  St.,  Chicago. 


ysji^ 


Copyright,  1896, 
By   GEORGE    P.    REED. 


CONTENTS. 


Page. 

Preface 1 

Introduction  to  Modern  Political  Economy 5 

Gold  and  Silver 8 

Money 10 

An  Account  Unit 11 

What  is  an  Account 14 

What  is  a  Coin 16 

Coins 18 

U.  S.  Cannot  Make  Money 19 

Charges  for  Coining '. 20 

Coining  Metals , 23 

Paper  Money 25 

The  Paper  Money  of  the  U^  S . , 27 

The  U.  S.  Treasury 34 

The  Clearing  House  System 37 

Barter 39 

The  Mechanism  of  Exchange 44 

Time 48 

Debts 51 

Political  Economy 54 

The  Mechanism  of  Spoliation 59 

A  World's  Example 68 

Salaries 70 

Force  and  Power 73 

The  Vital  Force  or  Valic  Force 79 

Price  84 

A  Free  Silver  Money 87 

The  Eagle 89 

Law  Expedient  to  be  Enacted 90 

Ratio  Between  Silver  and  Gold 93 

Relative  Value 95 

Sj^stems  of  Standard  Weights 98 

The  Crash  of  the  Gold  Combine 101 

Sixteen  to  One 106 

Bimetallism 110 

An  International  Monetary  Congress Ill 

Demand  and  Supply 112 

Fiat 113 

Money  and  Coinage  of  the  U.  S 115 

Some  Clear  Conceptions 121 

A  Few  Facts 122 

Ratio,  Relative  Price  and  Relative  Value 127 

Leaves  for  the  Professors 133 

The  Garden  of  Eden 142 

Politics 144 

Bric-a-Brac ► 153 


THE  MODERN  HERCULES-HIS   BOBS  AND  THEIR  MASTER. 


PREFACE, 


Our  system  of  money  and  trade  is  wrong  and  we  have 
endeavored  to  show  wherein  the  wrong  consists.  We 
have  kept  reasonably  near  our  subject  and  advanced  prin- 
ciples that  will  bear  the  light  of  reason. 

We  have  not  incorporated  tables  of  statistics,  knowing 
how  dangerous  and  misleading  they  often  are. 

The  great  purpose  of  statistics  is  frequently,  to  show 
how  well  the  people  are  doing  and  that  they  are  getting  a 
great  return  for  their  unremitting  toil,  or  to  show  how 
lightly  they  are  taxed  and  how  much  more  they  can  stand. 

It  does  not  affect  the  wealth  of  the  nation,  the  happi- 
ness, prosperity,  power  or  glory  of  the  country  in  the 
least,  whether  it  be  valued  at  one  dollar  or  one  billion 
billion  dollars. 

There  is  no  narrow,  partisan  bias  in  this  work.  It, 
therefore,  furnishes  a  true  political  guide  to  men  of  all 
parties,  appealing  equally  to  the  East,  the  West,  the 
North  and  the  South ;  for  it  is  a  fact  plain  to  many  that 
the  "Financial  Question"  has  come  to  stay,  and  must  be 
settled  by  the  intelligence  of  the  people  of  the  U.  S.  or  of 
the  world  before  any  other  great  question  can  take  its 
place. 


2       '    -  -   •-  TREFACR 

There  is  something  wrong  somewhere.  What  is 
wanted  now  i^  not  bitterness,  hatred,  abuse,  nor  blind 
partisanrv,  but  a  clear  conception  of  the  question  and  a 
sensible  plan  whereby  our  people  may  get  honorably  and 
honestly  out  of  their  difficulty. 

This  we  have  shown,  and  more  than  this,  we  have 
advanced  the  study  of  Political  Economy  and  laid  the 
foundations  that  will  support  it  as  a  true  science. 

•We  hope  hereby  to  merit  the  regard  of  true  students  of 
this  science,  as  well  as  the  gratitude  of  the  rest  of  man- 
kind, especially  of  those  who  constitute  the  Wealth  of 
Nations,  that  is,  of  workingmen,  men  of  enterprise,  genius 
and  industry. 

By  workingmen  we  mean  useful  men  everywhere.  We 
mean  every  toiler,  man  or  woman,  upon,  above,  or  below 
the  surface  of  the  earth,  whether  in  learned  directions  or 
in  those  that  are  not  so  much  so. 

It  was  written,  therefore,  for  true  patriots,  and  is  sub- 
mitted to  electors  and  the  makers  of  law  the  world  over. 

It  was  written  by  a  soldier. 

For  the  right  against  the  wrong. 
For  the  slaves  who've  waited  long, 

For  the  brighter  age  to  be. 
For  the  truth,  Against  superstition, 
For  the  faith  against  tradition, 
For  the  hope  whose  glad  fruition, 

Good  patient  eyes  shall  see. 

The  work  is  all  entirely  new,  and  simple  as  it  may 
«eem,  the  labor  has  been  arduous.    It  has  been  written 


PREFACE,  S 

under  the  weight  of  deep  mental  distress;  may  this  ex- 
tenuate its  faults  in  construction  and  style. 

Nevertheless,  the  argument  is  utterly  stable,  and  we 
defy  any  gold  monomonetist,  or  any  other  man  on  the 
face  of  the  earth,  of  whatever  financial  school,  to  over- 
throw it. 

Founded  upon  the  eternal  rock  of  truth,  the  gates  of 
hell  cannot  prevail  against  it  No  assault  can  make  the 
least  damaging  impression  upon  it.  The  argument  can- 
not be  jostled,  much  less  shattered. 


^^ 


The  Crash  of  the  Gold  Combine. 


INTRODUCTION  TO  MODERN  POLITICiv 
ECONOMY. 

Value  is  the  Vital  Energy  of  Man.  The  strength  of 
men.  Value  is  also  called  purchasing  power.  It  is  the 
purchasing  power  of  men. 

It  is  as  much  a  power  as  the  electric  power,  may  be 
said  to  pervade  commodities,  and  is  to  be  investigated 
scientifically. 

Political  Economy  is  the  science  of  this  power  or  force. 
The  value  of  any  commodity,  to  be  a  standard  of  value, 
must,  it  follows,  be  a  standard  of  relative  value,  as  its 
value  is  compared  with  the  value  of  other  commodities. 
By  despotic  legislation  the  standard  of  relative  value  in 
the  U.  S.  has  been  made  to  be  the  value  of  the  minted  gold 
of  the  U.  S.  Gold  is  a  cornered  commodity  in  the  hands 
of,  comparatively,  a  very  few,  who  may  be  called  con- 
spirators against  the  welfare  of  the  world,  and  the  earth 
is  cultivated  for  their  benefit. 

The  world  is  enslaved  and  the  earth  mortgaged  to  the 
Gold  Combine. 

A  standard  of  relative  value  is  a  money. 

The  account  unit  of  the  money  of  the  U.  S.  is  25.8  grains 
of  the  minted  gold  of  the  U.  S.  and  is  the  IT.  S.  dollar. 

Its  value  or  purchasing  is  the  unit  power  of  purchasing 
power.    Its  value  is  the  unit  of  value. 


6  tHB  CRASH  OF  THE  GOLl>  COMBINE. 

Its  delivery  is  the  unit  task  of  indebtedness,  and  the 
obligation  here  has  naught  to  do  with  value  but  with 
material. 

It  is  the  body  that  is  contracted  to  be  delivered,  not  the 
soul. 

Trade  is  the  interchange  of  vital  energy. 

The  minted  gold  of  the  U.  S.  is  made  to  be  the  standard 
by  arbitrary  and  despotic  law  unworthy  a, free  people. 

Taxes  are  a  contribution  of  vital  energy,  and  always 
paid  by  industry,  or  the  workingman,  as  are  also  interest 
and  debts. 

All  labor  is  mental  effort. 

Gold  gets  its  value  from  the  brain  or  mind  of  man.  It 
gets  its  high  present  value  because  labor  is  paid-in  it. 
On  account  of  immense  unsatisfiable  contracts  for  de- 
livery, which  are  increasing,  this  value  is  made  ultra 
intense  and  is  constantly  intensifying. 

Supply  comes  from  man  and  material,  the  earth  and 
power.    It  is  born  of  the  vital  spark  and  mother  earth. 

Every  power  used  by  man  is  of  the  mind,  or  a  servant 
of  the  mind.  Such  are  the  expansion  of  steam,  the  weight 
of  falling  water,  etc. 

The  material  may  be  called  instruments  or  instru- 
mental of  the  mind. 

The  human  hand  is  an  instrument,  so  is  a  trowel, 
a  hammer;  the  steam  engine,  the  waterwheel,  the  pen, 
are  all  of  the  same  category  of  tools  or  instruments. 

Even,  perhaps,  the  brain  itself  may  be  called  an  instru- 
ment of  the  mind.  Here  may  be  considered  as  seated  or 
centered  the  mind,  or  spiritual  nature,  or  the  soul  of  a 
man,  and  here  Heaven  and  Earth  may  be  said  to  meet  or 
be  joined. 

The  so-called  capital  never  lifted  a  weight,  parted  a 
particle,  drew  a  design,  designed  a  machine,  sewed  a 


THE  CRASH  OF  THE  GOLD  COMBINE.        7 

seam,  penned  a  line,  or  invented  anything  of  any  kind. 
It  never  thought,  felt,  heard,  saw  or  labored,  nor  hath  any 
political  economist  ever  described  it  clearly. 

The  power  of  the  Mind  of  Man,  we  believe  to  be  of  the 
Mind  of  the  Creator  of  Heaven  and  Earth  and  of  that 
temple  not  made  with  hands.  The  earth  was  given  by 
God  to  Man  and  is  his  heritage. 

The  mind  of  man,  or  the  tree  of  knowledge,  has  its  root 
in  Eden  of  the  seed  planted  there  from  on  high,  and  must 
grow  till  its  top  reach  the  Heavens  and  bear  fruit  in  the 
Kingdom  of  God,  when  universal  justice  will  be  done,  and 
the  mind  of  man  expanding,  reach  almost  the  Infinite,  and 
His  will  be  done  on  earth  as  it  is  in  Heaven. 

The  Gold  Combine,  or  money  monopoly,  or  gold  mono- 
metallism, is  an  indefensible  fraud  upon  the  Son  of  Man,  a 
swindle  upon  humanity,  a  child  of  the  devil. 

It  is  a  whited  sepulchre,  and  we  defy  the  gold  gang  of 
Europe  and  America  to  produce  a  man  who  can  prove 
that  the  theory  is  not  false,  a  fraud,  a  humbug,  a  delusion 
and  a  snare. 

Gold  monometallism  is  organized  hypocrisy,  a  beggar, 
a  thief,  and  a  liar. 

It  is  the  robbery  of  the  beauty  to  feed  the  beast.  It  is 
the  enslavement  of  industry.  The  sublime  duty  of  break- 
ing these  chains  devolves  upon  the  Congress  of  the  patri- 
otic citizens  of  the  United  States  of  America. 

This  standard  of  value  is  of  the  vital  energy  of  man. 

The  vital  energy  may  be  considered  as  incorporated 
in  the  material  money  and  diJffused  through  it  as  if  it  were 
a  storage  battery. 

This  is  no  reason  why  the  Congress,  in  its  merciless 
savagery,  should  command  that  a  certain  metal  should 
be  used  as  money  to  the  exclusion  of  all  competitors,  and 
this  to  please  the  most  brutal  and  accursed  foreign  con- 


8        THE  CRASH  OF  THE)  GOLD  COMBINE. 

spiracy  that  ever  tyrannized  over  a  suffering  world.  This 
conspiracy  is  foreign  to  every  principle  of  truth,  reason  or 
justice. 

This  conspiracy  is  robbing  our  worthy  people  of  their 
substance  and  brutalizing  mankind. 

This  is  a  campaign  of  education,  and  this  fraud  of  gold 
monometallism  is  what  confronts  our  people. 

How  long,  O  Man,  how  long! 


GOLD  AND  SILVER 

Kre  metals  and  both  chemical  elements,  that  is  to  say, 
simple  substances.  When  pure,  any  given  quantity  of 
either  is  exactly  the  same  as  any  other  such  quantity  of 
the  same. 

The  gold  or  silver  of  Africa,  America  or  Australia,  is 
exactly  the  same.  To  think  otherwise  is  to  follow  a  very 
erroneous,  popular  impression.  Gold  is  gold,  and  silver, 
silver,  the  world  over.  Considered  in  this  light  they  are 
commodities,  or  merchandise,  very  definite  and  account- 
able merchandise,  but  subject  in  trade  to  the  same  funda- 
mental laws  of  trade  as  are  other  commodities. 

Each  of  these  commodities  is  exchanged  the  world  over 
by  weight.  As  the  object  of  trade  is  gain,  either  of  them 
will  naturally  be  taken  to  the  best  market,  whether  in 
bars  or  ingots  of  various  fineness  or  impurity,  or  as  coins 
of  uniform  fineness  or  impurity. 

This  is  all  there  is  to  the  clumsily  expressed  and  much 
vaunted  law  called  Gresham's,  which  is  as  follows;  "Bad 
money  drives  out  good  money,  but  good  money  cannot 
drive  out  bad  money." 


THE  CRASH  OF  THE  GOLD  COMBINE.        9 

It  is  simply  a  consequence  of  tbe  fact  that  men  trade 
for  gain  and  are  inclined  to  take  their  goods  to  the  best 
market. 

Coins  are  but  certified  ingots,  containing  a  certified  pro- 
portion and  weight  of  gold,  or  silver,  or  other  metal,  as 
the  case  may  be,  and  usually  or  always  stamped  by  gov- 
ernmental authority. 

Coinage  or  mintage  by  government  is  but  the  weigh- 
ing, mixing  and  stamping  of  metal.  As  each  coin  contains 
a  definite  quantity  of  metal,  then  a  number  of  such  coins 
contains  as  many  times  as  much  metal  as  does  one  coin. 
The  advantage  is  security  as  to  quantity  and  quality,  and 
it  naturally  follows,  convenience  in  accounting,  which 
after  all  should  be  the  only  object.  A  trader  should  know 
exactly  what  and  how  much  of  a  valuable  commodity  he 
is  dealing  with. 

It  may  be  well  to  remember  that  the  list  of  metals  up 
to,  and  long  after  the  discovery  of  America  contained  only 
seven.    The  same  were  known  to  the  most  ancient  Greeks. 

This  number  has  greatly  increased  with  the  advance- 
ment of  chemistry,  and  some  of  them  are  rare  and  very 
high  priced,  but  the  only  precious  metal  in  this  country 
and  nearly  or  quite  all  of  Europe  is  gold.  By  precious 
metal  I  mean  a  metal  in  which  accounts  are  forced  to  be 
kept  or  prices  of  other  commodities  expressed.  A  pre- 
cious metal,  therefore,  is  a  pricious  metal — a  metal  of 
prices.  This  diversion  in  favor  of  gold  has  been  brought 
about  by  the  most  colossal,  cruel  and  unrighteous  legisla- 
tive conspiracy  that  the  world  has  ever  known  or  can 
ever  know. 

It  is  the  purpose  of  the  author  to  destroy  this  unnatural 
supremacy  of  gold  in  trade.  There  never  has  been  a 
single  sound  argument  advanced  for  this  forced  gold 
standard, 


10  THE  CRASH  OF  THE  GOLD  COMBINE, 


MONEY. 

A  money  is  anything  in  which  accounts  are  kept  or 
reckoned,  and,  therefore,  it  naturally  follows,  in  which 
debts  are  contracted,  for  the  balance  of  an  account  is  a 
debt. 

One  side  of  an  account  in  these  United  States  is  ex- 
pressed in  a  weight  of  the  minted  gold  of  the  United 
States.  The  "money  of  account"  of  the  United  States  is 
the  minted  gold  of  the  U.  S. 

The  money  of  account  in  England  is  the  minted  gold  of 
England.  The  first  is  9-10  gold  and  1-10  copper,  the  sec- 
ond is  11-12  gold  and  1-12  copper. 

The  first  is  weighed  out  in  dollars  of  the  U.  S.,  which  is 
the  account  unit  of  the  U.  S.,  and  accounts  are  expressed 
in  terms  of  dollars  and  cents,  or  dollars  and  hundredths. 
In  England  it  is  weighed  out  in  pounds  or  sovereigns, 
shillings  and  pence.  The  difference  is  in  fineness  and  in 
the  weight  and  method  of  subdivision  of  the  account  unit. 
Gold,  however,  in  both  cases  is  of  the  legally  privileged 
money  of  the  country  and  upheld  by  arbitrary  and  des- 
potic legislation. 

Gold  is  a  cornered  commodity,  and  "business'^  is  a 
struggle  to  wrest  gold  from  the  masters  of  the  trade  and 
political  situation,  or  rather  to  wrest  labor  from  the 
industry  of  the  country  in  suflScient  quantity  to  satisfy 
the  demands  of  the  gold  combine,  for  small  portions  of  a 
pampered  and  specially  privileged  commodity.  Gold 
monometalism  is  a  fraud  sustained  by  blood  and  iron, 
and  tolerated  by  industry  and  ignorance. 


THE  CRASH  OF  THE  GOLD  COMBINE.  11 


AN  ACCOUNT  UNIT. 

Tlie  dollar  of  the  United  States  is  the  account  unit  of 
the  United  States.  The  material  of  which  it  is  made  is 
the  money  of  the  United  States.  The  dollar  of  the  United 
States  is  25.8  grains  of  the  minted  gold  of  the  United 
States. 

It  is  not  23.22  grs.  of  pure  gold,  as  some  say.  It  is  9-10 
fine,  and  contains  23.22  grs.  of  pure  gold.  The  dollar  of 
the  U.  S.  is  of  the  money  of  the  U.  S.  It  is  25.8  grs.  of  the 
money  of  the  U.  S.  as  minted  by  the  government  of  the 
U.  S. 

This  is  absolutely  the  law.  There  is  none  other  modify- 
ing it  in  any  degree.  This  is  from  Sec.  13  and  14  of  the 
law  of  1873. 

Do  not  go  on  with  the  idea  that  a  dollar  is  simply  23.22 
grs.  of  gold.    If  you  do  you  will  stick  hopelessly  in  the  bog. 

A  good  account  unit  must  count  up  accurately,  and  has 
always  been  a  definite  quantity  of  something  definite. 

It  is  always  measured  merchandise,  or  if  you  like  better, 
as  metals  have  always  been  for  various  reasons  selected 
as  the  material  for  money,  it  is  a  weight  of  metal.  It  is 
usually  a  definite  weight  of  a  definite  alloy. 

The  cheaper  metal  alloyed  being  of  very  small  relative 
value  has  usually  been  disregarded  as  not  furnishing  an 
appreciable  factor  in  monetary  argument.  For  instance, 
one-tenth  by  weight  of  both  the  gold  and  silver  coins  of 
the  U.  S.  is  copper. 

This  has  been  added  to  improve  their  hardness,  espe- 
cially the  'hardness  of  gold.  It  makes  the  coins  better,  or 
more  durable.    It  does  not  make  the  money  better. 

The  United  States  did  not  designate  a  certain  number 
of  grains  of  pur*^  i^'^ld  to  be  its  "unit  of  value," 


12  THE  CRASH  OF  THE  GOLD  COMBINE. 

It  might  have  done  this  and  alloyed  its  coins  to  suit  the 
circumstances,  always  being  sure  to  put  the  right  quan- 
tity of  gold  in  them. 

Had  the  U.  S.  done  this  it  would  have  been  too  plain. 
There  would  not  have  been  enough  smoke  about  it. 

A  pure  gold  account  unit  would  have  been  better,  more 
simple,  and  more  explicit  than  an  alloy. 

The  cheaper  metal  alloyed  is  of  no  trouble  to  the  gold 
interest.  It  comes  out  in  the  wash  of  account  and  only 
serves  to  befuddle  the  inquiring  mind.  You  and  I  might 
use  a  pound  of  copper  or  a  weight  of  anything  else  as  our 
account  unit,  and  copper,  therefore,  as  our  money. 
It  would  then  fulfill  the  exchange  mission  of  money,  at 
least  in  that  particular  account.  If  a  pound  of  copper 
were  specifically  and  arbitrarily  designated  as  the  "unit 
of  value,"  or  account  unit  of  the  U.  S.,  then  copper  would 
be  the  money  of  the  countrj-  and  a  pound  of  copper  the 
account  unit. 

It  would  then  be  the  only  thing  in  which  debts  could 
be  conveniently  contracted,  or  accounts  kept,  or  for  which 
labor  could  be  conveniently  sold  or  made  solid.  Its  de- 
livery would  be  the  solution  or  liquidation  of  indebted- 
ness. The  task  of  delivery  would  be  the  weight  or  burden 
of  indebtedness.  The  delivery  of  a  pound  of  copper  would 
be  the  unit  task  or  the  unit  measure  of  tasks  of  indebted- 
ness and  the  purchasing  power  of  a  pound  of  copper 
would  be  the  measure  of  values  or  purchasing  powers. 
It  would  be  the  unit  of  value. 

The  gold  dollar  of  the  U.  S.,  the  gold  sovereign  of 
England,  and  the  gold  mark  of  Germany,  by  force  of 
arbitrary  law,  to-day  enjoy  that  proud  distinction.  Even 
though  the  latter  as  a  single  coin  be  not  minted,  still  it  is 
counted,  and  coins  containing  multiple  quantities  of  it 
^re  minted  by  Germany  in  large  quantities.    The  goW 


THE  CRASH  OF  THE  GOLD  COMBINE.  IS 

franc  of  France  is  not  minted,  nor  is  the  gold  half  dollar 
of  the  U.  S.,  nor  the  gold  cent  of  the  U.  S.,  still  there  is  no 
trouble  in  counting  them  and  they  are  passed  from  hand 
to  hand  by  representative  coins  or  counters.  These  vari- 
ous gold  moneys  and  account  units  respectively  enjoy  the 
peculiar  and  special  privilege  of  being  the  money  and 
account  units  of  those  countries  to  the  exclusion  of  all 
competitors.  This  is  brought  about  by  arbitrary  legisla- 
tion, unwarranted  by  any  principle  of  justice,  humanity 
or  reason.  We  do  not  mean  to  say  that  a  copper  account 
unit  would  be  as  good  as,  or  better,  or  worse,  than  a  gold 
one,  but  simply  to  make  the  point  that  the  gold  ones  are 
arbitrarily  maintained.  If  the  gold  account  units  or 
money  were  better  than  any  other,  it  seems  to  me  that  it 
would  need  no  special  law  in  its  favor,  but  could  sustain 
itself  by  the  law  of  natural  superiority. 

That  it  could  do  so  is  exceedingly  doubtful,  in  fact  it 
is  almost  absolutely  certain  that  it  could  not  do  so.  The 
Great  Gold  interest  is  certainly  of  this  opinion,  for  it 
moves  heaven  and  earth  to  maintain  this  special  privilege, 
accorded  by  pliant  government  and  an  ignorant  people 
to  this  specially  petted  commodity. 

The  Gold  Monometallists  or  Monomonetists  are  un- 
doubtedly the  least  deserving  and  the  most  importunate, 
arrogant,  insolent  and  successful  thieving  beggars  that  in 
the  history  of  the  world  ever  beset  the  temple  of  Govern- 
ment. 

They  seem  to  be  in  utter  control,  and  to  be  privileged  to 
insult,  abuse  and  rob  with  immunity,  the  industry  whose 
nerves  and  sinews  built,  sustain,  and  maintain  the  whole 
fabric. 

The  question  is  how  long  can  this  progress  of  Gold 
Despotism  and  Robbery  and  Industrial  Poverty  with- 


14  THE  CRASH  OF  THE  GOLD  COMBINE. 

^'  '^  SO  long  as  some  of  our  confident  goldists  think,  and 
tliT*publi cation  of  this  book  will  shake  this  principal 
tower  of  Babylon  till  it  totters  to  its  final  fall. 

Wo  do  not  attack  gold  or  any  other  metal,  but  we  do 
protest  against  the  special  governmental  favoritism 
whereby  any  metal  or  metallic  alloy  shall  be  posted  as 
the  God  of  Commerce,  or  any  account  unit,  or  money 
forced  upon  a  people  by  despotism,  for  the  purpose  of 
making  the  Gold  interest  the  master  of  Trade,  Govern- 
ment, Politics,  and  Progress,  and  the  autocratic  arbiter 
of  the  destinies  of  mankind. 


WHAT  IS  AN  ACCOUNT? 

An  account  is  a  record  of  mutual  exchanges. 

One  side  of  it  is  kept  by  weights  of  a  commodity. 

This  commodity  is  money.  These  weights  are  unit 
weights  or  account  units  of  this  commodity.  In  fact  it  is 
kept  in  money  which  is  weighed  and  counted  by  account 
units.  The  delivery  of  this  account  unit  is  the  unit  task 
of  indebtedness.  The  value  of  this  account  unit  is  what 
we  estimate  or  mentally  weigh  values  in.  It  gets  its  value 
from  the  fact  that  labor  is  sold  in  it. 

Every  item  in  an  account  is  the  result  of  an  agreement 

A  trade  is  the  balance  of  two  commodities  in  exchange. 
Trading  is  the  balancing  of  commodities  in  exchange. 

As  value  resides  in,  or  vital  energy  may  be  said  to  per- 
vade these  commodities,  it  may  also  be  said  to  be  the 
equilibrium  of  vital  energy.  When  the  balance  is  struck 
the  commodities  are  exchanged  and  the  record  becomes  an 
itr»m  in  an  account.     If  the  goods  be  not  then  and  there 


1?HE  CRASH  OF  THE  GOLD  COMBINE.  15 

delivered  the  contract  for  their  delivery  becomes  a  debt. 
A  debt  is  a  contract  for  the  delivery  of  goods.  The 
goods  not  delivered  are  debited  to  the  man  who  owes  and 
credited  to  the  man  who  owns  the  commodity. 

This  is  done  back  and  forth  and  credits  offset  debits. 
Debits  never  offset  anything  but  credits.  Remember  we 
are  talking  of  the  same  man.  It  is  a  very  great  mistake 
to  say  that  debits  offset  each  other.  If  the  balance  of  an 
account  is  settled  by  the  tender  of  a  check  against  a  bank 
remember  that  the  check  did  not  pay  the  account,  but  that 
the  gold  or  money  for  which  it  called  did  pay  it.  Here 
we  have  the  beginning  of  the  check  system.  If  two  strang- 
ers get  on  a  street  car  and  one  gives  the  conductor  a  dime 
and  the  other  gives  the  first  a  nickel  and  the  conductor 
gives  back  nothing,  that  is  an  example  of  the  clearing 
house  system.  If  he  had  given  him  a  check  where  he 
could  go  for  his  nickel  then  you  would  have  the  check  and 
clearing  house  system.  This  system  does  not  argue  for 
or  against  gold.  It  could  be  carried  on  with  a  silver, 
copper,  nickel  or  any  other  money  just  as  well. 

It  is  a  Quaker  gun  utterly  useless  in  the  war  of  mone- 
tary argument.  The  Goldists  have  not  one  true  argu- 
ment. U.  S.  Gold  money  in  this  country  is  the  clearing 
house  commodity  and  the  dollar  the  clearing  house 
weight. 

We  could  extend  the  clearing  house  system  to  any  other 
metal,  but  somehow  we  do  not.  Our  Congress  and  people 
are  too  much  affected  with  the  gold  craze  and  gold  heresy 
for  that.  If  we  selected  any  other  account  unit  but  gold, 
the  price  of  gold  would  fall,  for  this  other  would  be  used 
to  pay  labor  with,  and  right  here  is  where  gold  gets  its 
high  value,  and  the  high  momentum  or  intensity  of  that 
value  is  rapidly  increased,  to  the  fearful  sacrifice  of  all  the 
industry  of  the  country,  except  the  one  of  the  golden  tiger. 


16  THE  CRASH  OF  THE  GOL  BINS. 

Tlie  price  of  gold  is  too  high  and  *t  »s  too  hard  to  get. 
It  is  too  hard  to  earn  a  dollar.  Too  mucn  blood  is  sold  or 
solidified  to  make  a  gold  dollar. 

The  process  is  dreadfully  wastefu  is  sapping  the 

vitality  of  mankind.  '  ""^^ 

This  is  on  account  of  the  many  gold  debts  of  the 
world,  or  immense  contracts  for  the  delivery  of  gold, 
whose  fulfillment  is  transferring  the  property  of  the  world 
with  fearful  rapidity,  as  if  on  an  endless  belt,  from  the 
worthy  camp  of  Genius,  Labor  and  Enterprise  into  the 
useless  camp  of  the  ungrateful,  arrogant,  and  utterly 
worthless  gold  gang. 

This  fetid  lily  of  Gold  Monometallism  toils  not,  neither 
does  it  spin,  yet  Solomon  in  all  his  glory  was  not  arrayed 
like  one  of  these. 


WHAT  IS  A  COIN? 

A  coin  is  a  legal  ingot. 

Coins  are  of  two  kinds:  1st.  Legal  ingots  of  money 
stamped  with  their  own  weight  or  quantity.  2d.  Legal 
ingots  stamped  with  the  money  quantity  of  which  they 
are  representative. 

The  first  we  shall  call  weight  coins,  the  second  we  shall 
call  face  coins. 

Examples  of  the  first  are  all  the  gold  coins  of  the  U.  S. 
and  of  the  second  are  all  the  silver  and  other  coins  of  the 
U.  S.  The  first  are  of  the  money  itself.  The  second  work 
on  the  principle  of  a  poker  chip  or  a  trunk  check.  That  is, 
they  are  chips  for  gold  coins  made  good  at  the  treasury  of 
the  U.  S.    The  pesos  of  Mexico  are  weight  coins.    The 


THE  CRASH  OF  THE  GOLD  COMBINE.  17 

silver  dollar  of  the  U.  S.  before  1873  was  a  weight  coin. 
What  is  called  the  silver  dollar  now  is  another  thing  en- 
tirely. It  is  merely  a  chip  for  a  gold  dollar  made  good  by 
Sam.  Its  use  is  to  circulate  gold,  and  it  is  made  good  not 
by  the  fiat  but  by  the  deed  or  do  it  of  Uncle  Sam.  As  far 
as  being  in  trade  is  concerned,  it  might  just  as  well  be  of 
paper,  while  its  body  lay  peacefully  in  Uncle  Sam's  tombs 
for  silver  at  Washington. 

However,  there  is  one  immortal  fact  in  favor  of  silver, 
which  is  that  silver  is,  and  always  has  been,  the  pre- 
ferred coin  of  the  world,  a  fact  which  no  amount  of  suc- 
cessful Gold  bugism  has  been  able  to  quench. 

So  as  a  mater  of  fact,  besides  greenbacks  we  have  silver 
graybacks  and  silver  certificates  and  treasury  note  gray- 
backs.  The  only  difference  between  a  silver  dollar  and 
a  paper  one  is  the  price  of  the  material,  for  neither  of  them 
are  dollars.  The  name  dollar  as  well  as  its  right  to  being 
used  as  money  was  robbed  completely  from  silver  in  1873. 
The  sign  |  is  a  contraction  of  p  or  pp  used  for  pesos,  which 
were  the  "Spanish  milled  dollars"  of  our  great  dads,  and 
the  sign  was  in  common  use  long  before  an  Englishman 
ever  settled  in  the  territory  of  the  U.  S.  These  pesos  were 
made  to  a  large  extent  in  Mexico,  a  colony  of  Spain,  and 
there  was  no  difference  between  a  Mexican  and  a  Spanish 
milled  dollar  except  in  the  cMfference  of  significant  mint 
letters.  They  all  bore  the  pillars  of  old  Castile  and  were 
of  equal  power  as  soap.  They  were  frequently  called 
pillar  dollars.  The  silver  dollars  we  have  now  are  not  of 
money,  but  they  are  good  because  Sam  has  been  able  to 
put  up  for  them  dollar  for  dollar  at  the  U.  S.  Treasury. 
Sam  is  now  a  bondsman  bossed  by  his  beloved  gold  bond- 
holders. 

As  a  slave  he  ia  a  lanky  dandy. 

It  Is  an  ioteresting  group,  but  mixi^v  miqm  flor  aa- 


1$  THE  CRASH  OF  THE  GOLD  COMBINE. 

cient  Greek.  We  paj  for  the  show  and  many  of  us  seem 
to  be  proud  of  the  grotesque  arrangement. 

If  the  paper  money  of  the  U.  S.  or  the  silver  chips  of  the 
U.  S.  may  fairly  be  considered  as  checks  or  drafts  against 
itself,  what  w^ould  you  think  of  giving  a  bank  power  to 
force  its  own  checks  upon  people  by  law. 

Paper  money  is  usually  caHed  "credit  money."  This 
is  a  great  misnomer.  It  is  in  fact  "debit  money."  When 
the  "great  financiers"  are  speaking  of  "credit"  they  usual- 
ly mean  debit.  When  they  speak  of  our  vast  system  of 
"credit"  they  mean  our  vast  system  of  debit,  of  which  they 
are  the  beneficiaries.  They  are  generally  howling  out  its 
praises  and  asking  workingmen  to  sustain  it.  Working- 
men  have  sustained  it.  Workingmen  are  getting  tired. 
Different  forms  of  "credit"  are  different  classes  of  debit 
or  debt.  Voters  in  this  game  can  generally  gain  a  pointer 
by  coppering  the  advice  of  the  great  financiers. 

The  handwriting  on  the  wall  for  the  yellow  king  and  his 
haughty  lords  is  Mene  Mene  Tekel. 


COINS. 


The  gold  coins  of  the  U.  S.  are  9-10  gold  and  1-10 
copper. 

The  silver  coins  are  9-10  silver  and  1-10  copper. 

The  nickel  coins  are  3-4  copper  and  1-4  nickel. 

The  bronze  or  common  cent  is  95  per  cent  copper  and 
5  per  cent  tin  and  zinc  "in  such  proportions  as  the  director 
of  the  mint  may  determine."  It  may  be  noticed  that  our 
gold  bug  friends  do  not  object  to  the  use  of  other  metals 
as  coins,  but  are  ver^  particular  that  no  other  shall  be 


THE  CRASH  OF  THE  GOLD  COMBINE.  19 

designated  as  money.  I  believe  that  it  is  true  that  no 
other  metal  has  been  in  use  as  money  besides  gold  and 
silver  since  before  the  discovery  of  America,  at  least  by 
any  civilized  nation.  It  is  true  that  other  metals  have 
been  used  for  making  coins.  Among  these,  platinum  was 
coined  by  the  Russian  'Government  into  face  coins  for  12, 
6  and  3  rubles,  but  platinum  was  never  money  in  Russia. 
Their  coinage  was  discontinued  on  account  of  the  cost  of 
making  them,  for  platinum  fuses  with  diflSculty. 

The  subject  of  alloys  and  metals  is  an  extensive  one, 
well  worthy  of  the  attention  of  our  Congressmen.  Chem- 
istry throws  some  light  on  this  subject,  and  it  would  be 
well  for  them  to  look  it  up,  rather  than  to  swallow  gold 
bug  juice  cold  and  raw.  The  theory  of  the  single  gold 
standard  is  an  unspeakable  fraud  and  sustained  by  the 
weakest  and  most  shameless  sophistry  or  simply  defended 
by  the  blindness  of  ignorance. 


UNCLE  SAM  CANNOT  MAKE  MONEY . 

The  United  States  cannot  make  money.  It  can  only 
make  debts.  On  the  other  hand  it  can  and  does  prevent 
certain  commodities  from  being  used  as  money.  It  can 
and  does  arbitrarily  designate  a  certain  commodity  and 
command  that  it  shall  be  used  as  money  to  the  exclusion 
of  all  other.  Government  used  to  do  this  for  religion. 
Kings  also  used  to,  and  still  do,  stamp  nobility  on  the  back 
of  a  man  with  a  sword,  which  act  went  down  his  blood 
through  the  future  generations.  In  many  cases  the  one 
blackguard  ennobled  the  other.  This  noble  gold  black- 
guard owes  his  title  only  to  despotism.    The  one  piece  of 


20  THE  CRASH  OF  THE  GOLD  COMBINE. 

Divine  RigM  is  no  more  defensible  than  the  other,  in  fact 
the  latter  is  incomparably  more  unjust  than  the  former. 
Sam  runs  his  shop  for  the  benefit  of  the  Lords  of  the 
Golden  Ring.  You  sweat  for  your  money  and  Sam  makes 
you  sweat  for  his  when  he  gets  any.  He  wants  you  to 
sweat  more  and  more,  or  at  least  that  is  what  the  gold 
monometallists  want  him  to  make  you  do.  Remember 
that  Sam  does  not  make  money.  He  makes  debts  and 
sweats  the  money  out  of  you.  The  coining  of  metals  is 
simply  the  making  of  coins.  It  is  either  the  turning  of 
crude  money  into  manufactured  money,  or  the  certifying 
to  a  debt  on  some  sort  of  metal.  The  making  of  paper 
money  is  kite  flying  or  note  shoving. 
It  does  not  help  you  Mr.  Workingman. 


CHARGES  FOR  COINING. 

The  Government  of  the  U.  S.  will  not  carry  a  letter, 
however  important  that  letter  may  be,  without  charging 
for  it,  which  is  perfectly  right  It  performs  an  honest 
service,  and  should  make  an  honest  charge  for  it.  Why 
should  it  take  your  dirty  gold  or  any  other  metal  and  coin 
it  without  charging  for  it?  There  is  no  reason  in  the 
world.  Of  course  gold  monopoly  gets  no  favors.  Gold 
monopoly  runs  on  merit  and  merit  alone.  Now  again,  if 
the  government  coins  gold  and  makes  an  honest  charge 
for  it,  it  should  do  exactly  the  same,  if  asked,  for  any 
other  metal.  But  our  gold  men  will  answer:  "O  no,  that 
will  never  do;  gold  money  is  the  only  money."  "No  other 
metal  is  fit  to  be  money  and  should  not  be  allowed  to  com- 
pete." Of  course,  these  are  splendid  reasons.   The  U.  S. 


THE  CRASH  OF  THE  GOLD  COMBINE.       «1 

might  better  have  an  established  church  than  an  estab- 
lished money. 

Of  course,  these  blessed  gold  patriots  have  never  re- 
ceived any  favors;  they  are  the  boys  that  accord  them  to 
Sam. 

"Don't  do  justice  to  that  low-down  silver."  "This  is  a 
sound  money  country  run  on  British  principles,  and  the 
public  be  damned."  After  all  there  is  something  in 
sound.  Did  you  hear  the  voice  of  the  West  and  the 
South?  The  volume  of  that  sound  will  swell  as  it  rushes 
over  the  plains  of  Illinois  back  to  the  Atlantic  Ocean. 
Patriots  are  going  to  vote  solid  against  gold  despotism. 
We  will  see  if  a  campaign  cannot  be  carried  on  against 
gold  supremacy  in  the  East  as  well  as  the  West,  and  we 
can  vote  Faneuil  Hall  to  the  last  patriot.  A  true  cam- 
paign of  education  will  burst  the  Gold  Combine. 

Silver  in  our  opinion  would  make  a  much  sounder 
money  than  gold,  but  that  is  a  matter  of  opinion. 

We  are  not  working  against  gold  but  for  justice,  and 
we  defy  the  "sound  money  league"  of  the  Chamber  of 
Commerce  of  New  York  to  put  up  a  man  who  cannot  be 
downed  in  argument  in  short  order.  This  applies  to 
any  party.  It  is  a  nice  travesty  on  logic  to  talk  free  trade 
and  protect  gold,  to  protect  the  tin  miner  and  slaughter 
the  western  silver  miner. 

As  to  "Sound  Money."  Silver  is  harder  and  more  so- 
norous than  gold.  The  knell  of  gold  monometallism  is 
about  to  be  rung  in  this  country. 

We  forgot  to  say  as  to  face  coins  that  face  coins  for 
obvious  reasons  are  always  coined  on  government  ac- 
count. 

S.  A.,  the  Orient  and  the  Antilles  are  developing,  and  a 
silver  money  would  be  vastly  to  our  advantage  in  trade 
with  those  wonderfully  important  parts  of  the  world. 


22  THE  CRASH  OF  THE  GOLD  COMBINE. 

With  a  silver  money  we  could  command  their  trade  in  the 
twinkling  of  an  eye  and  Europe  would  be  left  in  the  back- 
ground in  such  manner  as  hardly  to  know  when  the  belt 
slipped  off.  Surely  the  Gold  Combine  is  inflexible,  but 
that  does  not  trouble  us.  We  propose  not  to  bend  it  but  to 
break  it.  If  the  government  should  charge  for  coinage  it 
should  make  its  charge  in  gold,  as  it  needs  gold  in  its 
business  of  paying  off  debts,  and  should  try  to  get  that 
gold  as  cheap  as  possible.  fGold  bullion  is  crude  money. 
Gold  coins  are  manufactured  money. 

The  only  difference  between  U.  S.  standard  gold  bullion 
and  U.  S.  standard  gold  coins  is  Sam's  weighing  and 
"laying  on  of  hands." 

Seignorage  was  originally  a  toll  collected  for  coinage 
and  in  the  nature  of  a  steal  made  from  the  miner,  for  it 
was  excessive. 

It  is  the  same  as  la  quinta  del  Rey  or  the  king's  fifth  in 
Spanish.  As  there  was  no  competition  in  coinage  it  was 
looked  upon  by  government  as  an  important  source  of 
revenue.  The  "seignorage"  so  much  talked  of  in  the  U.  S. 
was  simply  the  excess  of  silver  which  was  left  after  the 
required  number  of  silver  chips  for  gold  were  coined.  It 
could  in  no  wise  be  looked  on  as  profit  to  the  IT.  S.,  al- 
though sometimes  called  by  that  name. 

Seignorage  comes  from  the  word  seignor,  meaning  a 
lord,  and  was  something  taken  by  virtue  of  sovereign  pre- 
rogative. The  Spanish  conquerers  had  to  give  the  king's 
fifth  over  to  the  crown.  The  king  stole  from  the  con- 
querors and  the  conquerors  from  the  Indians. 

Afterward  the  miners  in  America  were  the  victims. 
We  do  not  urge  that  government  claims  the  right 
of  stealing  in  these  modern  days.  We  do  claim  that 
the  Government  of  the  U.  S.,  as  well  as  that  of  England 
and  Germany,  upholds  the  gold  interest  in  stealing  from 
the  "Wealth  of  the  Nation," 


THB  CRASH  OF  THIS  GOLD  COMBINE.  n 

What  is  stolen  is  toil  and  the  results  of  toil.  It  is 
stolen  vital  energy  that  flames  in  the  magnificence  of  the 
courts  of  kings  and  blazons  from  the  red  shield  of  the 
Bond  Syndicate. 


COINING  METALS. 

Coining  metals  is  not  making  money.  It  is  making 
coins.  Sam  weighs  out  his  standard  gold  or  silver  into 
chunks  and  neatly  stamps  them  into  elegant  coins,  bear- 
ing very  pretty  designs,  which  do  not  add  to  their  value 
any  more  than  in  that  they  are  his  particular  trademarks, 
and  serve  as  brands  to  denote  the  genuine  goods.  In  the 
case  of  weight  coins  they  are  then  usually  no  longer  his. 
•He  has  parted  company  with  them  and  can  only  get  them 
back  through  the  toil  of  the  industry  of  the  country. 

These  coins,  though  they  travel  on  their  weight,  cannot 
be  truly  said  to  travel  on  their  merit,  for  they  are  not 
allowed  to  have  competitors  in  the  field  of  money.  Gold 
is  a  monopolistic  money  upheld  by  the  fiat  of  Sam.  The 
representative  or  face  coins  of  this  country  are  the  prop- 
erty of  the  U.  S.  Government.  A  rise  in  the  price  of  silver 
would  not  inure  to  the  special  benefit  of  the  silver  miner, 
but  to  the  benefit  of  the  general  people.  Besides  the 
coins  there  is  an  immense  quantity  of  silver  bullion  in 
Sam's  coffers. 

In  gold  mintage  Sam  is  simply  a  refiner,  mixer,  weigher 
and  stamper. 

In  gold  money  force  law  Sam  is  an  ignorant  and  un- 
principled despot,  whose  motto  is  the  public  be  damned. 
He  does  this  labor  free  for  the  gold  bug  humbug,  but  will 
not  do  it  for  any  other  metal. 


24  THE  CRASH  OF  THE  GOLD  COMBINK. 

Gold  coins  are  bad  because  they  suffer  so  from  abra- 
sion. A  pure  gold  coin  could  not  compete  with  a  pure 
silver  one. 

The  Divine  superiority  of  a  gold  money  is  nowhere. 
It  is  only  a  relic  of  the  Divine  Right  of  kings. 

Gold  travels  in  silver  shoes. 

T\Tien  it  is  little,  it  is  babied  by  copper;  when  it  is 
bigger  it  is  carried  around  by  silver,  while  it  bosses  the 
shanty. 

Gold  travels  on  silver  legs.  Take  them  away  and  the 
little  yellow  old  man  of  over  the  sea  would  be  done  for 
forever. 

Gold  has  been  called  the  rich  man's  money.  It  is  the 
poor  devil's  money,  for  by  the  arbitrary  law  of  gold  mono- 
metallism it  is  forced  upon  him.  Gold  monometallism  is 
undoubtedly  the  greatest  instrument  of  pauperization 
ever  commanded  by  the  mind  of  Despotism  or  wrought 
by  the  hand  of  Ignorance. 

Fortunately  in  these  United  States  the  conquest  of  gold 
is  not  yet  complete.  Ignorance  on  this  subject  is  becom- 
ing less  dense  here  than  in  England  and  Europe.  It  will 
not  be  long  before  the  gold  craze  will  dissipate  before  the 
light  of  reason. 

If  free  trade  from  the  shores  of  England  put  is  good, 
why  is  not  free  trade  in  metals  within  her  borders  good? 
We  ask  an  answer  to  the  question  from  some  British  free 
trade  and  gold  single  standard  economist. 

It  is  a  fit  question  for  the  sound  money  free  trade 
leagues.  In  argument  they  have  not  a  leg  to  stand  on. 
Gold  monometallism  is  a  heavy  idol  with  feet  of  clay.  It 
is  upheld  by  Ignorance  on  one  side  and  Industry  on  the 
other,  both  laboring  under  the  command  of  Despotism. 

Remember  all  you  true  patriots  that  you  don't  belong 
to  any  party.    Parties  belong  to  you.    .We  are  only  carry- 


THfi  CRASH  OP  THE  GOLD  COMBINE.  25 

!ng  on  an  argument  that  no  gold  monometallist  on  tlie  face 
of  the  earth  can  break. 

We  are  working  for  justice  and  truth,  and  appealing 
to  the  reason  and  patriotism  of  every  good  American 
citizen,  without  distinction  of  party. 

The  money  question  must  not  be  ignored.  Gold  mono- 
metallism must  go. 


PAPER  MONEY. 

Debts  are  never  paid  with  paper.  If  you  settle  your 
account  with  a  check  or  pay  a  debt  with  a  check  as  you 
might  say,  it  simply  means  that  you  paid  it  with  the 
money  that  the  check  called  for.  If  you  pay  a  debt  with 
a  $10  U.  S.  bill  it  means  that  when  you  had  the  bill  Sam 
owed  you  |10.  When  you  passed  it  to  the  other  fellow 
Sam  owes  him  $10  and  you  are  out  or  clear.  The  |10  in 
gold  is  now  in  the  treasury  for  the  other  fellow,  who  can 
go  there  and  get  it  or  pass  it  on  as  you  did. 

Paper  money  is  simply  proof  of  debt. 

If  Sam  can  pay  spot  cash  on  his  notes  then  they  are 
called  "convertible,"  if  not  they  are  called  '^inconvertible." 
This  cash  is  always  sweated  out  of  Industry.  There  is  no 
such  thing  as  paper  money. 

There  never  was  any  such  thing  in  this  country  as 
paper  money.  Suppose  I  owe  you  |10  in  gold.  I  have  a 
paper  bill  that  is  inconvertible  and  for  which  you  can 
only  get  ?5.  You  do  not  want  to  take  it  but  must  on 
account  of  legal  tender  law.  That  is  simply  a  swindle 
gotten  up  by  Sam.  Millions  of  dollars  of  this  have  been 
done.  It  would  take  up  too  much  space  to  go  into  the 
multitudinous  woes  of  an  irredeemable  paper.    Suppose 


26       THE  CRASH  OF  THE  GOLD  COMBINE. 

a  war  was  going  on  and  Sam's  gold  lias  gone  up  to  200, 
that  is,  paper  has  fallen  to  50.  At  these  false  prices 
Sam  has  to  pay  for  things,  for  which  he  afterwards 
has  to  settle  dollar  for  dollar. 

We  never  have  been  on  a  "paper  basis"  either  during 
the  war  or  at  any  other  time. 

"The  price  of  gold"  during  the  war  was  really  the 
price  of  greenbacks  in  gold.  It  meant  what  a  dollar  in 
gold  would  do  for  greenbacks.  It  was  what  the  own- 
ers of  gold  would  give  for  them. 

Like  sensible  men  they  always  tried  to  trade  and  did 
trade  on  the  safe  side.  They  were  on  the  make  and  as 
far  as  that  goes  it  was  all  right.  They  did  not  want  to 
lose  their  good  gold.  So  on  account  of  risk  the  price 
of  greenbacks  was  generally  less  than  they  were  really 
worth,  for  gold  then  as  now,  was  a  cornered  commodity. 
In  this  business,  the  gold  men  made  tremendous  profits 
out  of  the  industry  of  the  country. 

So  much  for  inflation.  Now,  some  people  want  an 
"irredeemable"  paper  money  and  some  sort  of  a  "per 
capita"  regulation.  It  would  be  a  splendid  thing  for 
swindling  creditors.  It  could  do  nothing  else.  When 
creditors  w^ere  swindled  out  of  their  dues,  it  would  be 
worth  nothing. 

At  first  if  they  were  in  any  wise  scarce 'they  might 
bring  something.  It  means  government  assistance  in 
private  repudiation  and  if  extended  to  the  obligations  of 
government  would  mean  a  repudiation  of  all  debts  public 
and  private,  in  the  United  States.  There  is  no  honesty 
nor  good  sense  in  it,  but  it  does  indicate  that  the  peo- 
ple feel  the  burden  of  debt  grievously. 

Gold  at  200  meant  greenbacks  at  50,  or  $2.00  green- 
backs for  11.00  gold.  Gold  at  150  meant  ?1.50  green- 
backs for  |1.00  gold.    It  meant  that  a  greenback  dollar 


THE  CRASH  OP  THE  GOLD  COMBINE.  27 

was  worth  66  2-3  cents  gold.  So  as  we  said  before,  we 
were  never  on  a  "paper  basis."  As  to  fiat.  Let  justice 
be  done  tliougb  the  heavens  fall.  I^i'a^  jusiicia  mat 
coelum.  It  is  not  the  fiat  of  Sam  that  counts.  It  is  what 
he  does  that  counts.  He  makes  his  word  good  by  his 
acts  and  that,  in  the  money  business,  can  only  be  done 
by  making  Labor  sweat.  Industry  is  in  a  sweat  over 
this  gold  monopoly  and  will  vote  the  old  fraud  out  of 
power. 

The  gold  craze  is  a  fearful  humbug.  It  is  the  Berserker 
rage  of  the  nineteenth  century. 

If  people  were  not  ^always  frightened  as  to  what  an 
ignorant  and  meddlesome  government  might  next  do, 
a  wonderful  amount  of  confidence  would  be  restored.  It 
might  be  well  to  remark  here  that  government  can  float 
a  large  amount  of  notes  on  the  same  principle  that  a 
bank  can  lend  one-third  of  its  deposits,  but  that  is  no  ex- 
cuse for  a  legal  tender  law,  rather  very  much  to  the  con- 
trary. 

Legally  tender  is  morally  tough. 


THE  PAPER  MONEY  OF  THE  U.  ». 

Before  going  further  we  will  remark  that  no  sort  of 
paper  can  be  used  as  an  argument  for  or  against  gold  or 
silver  or  anything  else.  Whatever  may  be  done  for  one 
commodity  by  the  use  of  paper,  may  be  done  for  any 
other. 

The  following  are  the  varieties  of  the  paper  money  of 
the  U.  S.    Of  course,  the  reader  understands  that  none 


28  THE  CRASH  OF  THE  GOLD  COMBINE. 

of  them  are  reallj  money,  but  in  one  way  or  other  stand 
as  counters  for  money  or  representatives  thereof. 

First — Gold  notes. 

Second — Currency  certificates,  act  of  June  8, 1872. 

Third — Silver  certificates. 

Fourth — Treasury  notes. 

Fifth — United  States  notes. 

Sixth — National  bank  notes. 

Gold  notes  are  simply  U.  S.  warehouse  receipts  for  gold 
coin.  What  special  advantage  there  may  be  to  the  U. 
S.  Government  in  warehousing  gold  goods  free  of 
charge,  except  to  the  industry  of  the  country,  we  are 
unable  to  say. 

Sam  ought,  by  the  same  rule,  to  warehouse  my  wheat, 
copper,  nickel,  aluminium  and  other  goods,  free  of  charge, 
after  cleaning  or  refining  it  for  me  and  putting  it  up  in 
weighed  sacks  or  stamping  it  into  weighed  ingots,  free  of 
charge  to  me.  He  then  ought  to  give  me  nice  ware- 
house receipts  of  the  right  denominations,  so  that  I  could 
trade  my  stuff  among  the  boys.  One  advantage  of  the 
business  is,  that  it  protects  gold  from  abrasion.  Of 
course  the  gold  gang  gets  no  favors.  They  run  their  shop 
on  merit  and  merit  alone. 

It  would  not  do  for  Sam  to  do  this  for  anything  else, 
as  nothing  else  is  money — and  Sam  will  not  allow  any- 
thing else  to  become  money. 

Sam  is  in  league  with  the  greatest  piece  of  thievery  on 
earth. 

Remember  a  government  cannot  steal.  It  can  only 
assist  men  in  stealing.  We  do  not  know  why  Sam  runs 
his  shop  for  the  gold  gang.  Some  of  them  sustained  the 
government  during  the  war  because  it  was  a  "good  thing." 
It  was  "business."  Will  Uncle  Sam  never  get  that  fact 
through  Ms  wool? 


THE  CRASH  OF  THE  GOLD  COMBINE.  29 

There  was  no  patriotism  in  them  then  and  there  is 
none  now.  We  have  nothing  to  say  about  them  for  this. 
It  was  what  they  call  "business." 

Nevertheless  nobody  can  howl  sentiment  louder  when  it 
goes  their  way.  I  suppose  this  latter  is  "business"  too. 
Gold  bared  no  breasts  to  deadly  bullets  and  labor  pays 
all  taxes. 

CURRENCY  CERTIFICATES. 

Are  special  warehouse  receipts  for  U.  S.  notes  or  green- 
backs. 

They  were  issued  for  the  benefit  of  the  national  banks 
in  denominations  of  not  less  tlian  five  thousand  dollars 
(|5,000),  and  counted  as  part  of  their  legal  reserve.  These 
U.  S.  notes  are  held  in  the  treasury  as  special  deposits 
and  only  to  be  used  for  the  redemption  of  such  cer- 
tificates. However,  I  believe  that  even  this  does  not 
prevent  our  worthy  Treasury  from  sometimes  counting 
them  as  money  in  the  treasury. 

For  ways  that  are  dark,  the  U.  S.  Treasury  Department 
is  peculiar.  A  currency  certificate,  therefore,  is  a  U.  S. 
note  or  greenback  writ  large. 

When  it  comes  to  dealing  with  the  gold  gang  Sammy 
is  very  accommodating.  Even  Prof.  Andrew's  immacu- 
late and  infallible  Supreme  Court  can  be  made  to  pass 
a  legal  tender  law  and  declare  that  thievery  is  consti- 
tutional. They  can  be  made  to  countenance  any  sort  of 
money  deviltry  even  unto  the  theory  of  gold  monomet- 
allism, which  is  utterly  against  public  policy,  simply  be- 
cause it  is  wholesale  thievery.  The  gold  gang  rules  the 
pulpit,  the  bench,  the  press,  the  bar,  the  court,  the  camp, 
the  field  and  the  campus. 


80  THE  €RASH  OF  THE  GOLD  COMBINS. 

SILVER   CERTIFICATES. 

The  TJ.  S.  silver  certificate  is  practically  a  warehoase 
receipt  for  silver  dollars. 

It  is  a  consequence  of  the  act  of  Feb.  28,  1878,  where 
the  Secretary  of  the  Treasury  is  directed  to  buy  from 
two  to  four  millions  of  dollars  worth  of  silver  bullion  per 
month  and  coin  it  into  a  like  number  of  silver  coins  or 
chips  for  dollars,  which  chips  were  to  be  of  the  weight 
and  fineness  of  the  dollar  of  the  dads,  but  were  not  the 
dollar  of  the  dads  by  a  long  shot.  They  were  the  dollar 
of  the  dads  emasculated.  The  dollar  of  the  dads  was  a 
weight  coin  and  a  very  potent  dollar  and  that's  why  he 
was  emasculated. 

The  excess  of  silver  was  ''paid"  into  or  stored,  in  the 
treasury.  It  was  called  "seignorage"  or  "gain."  Sam 
was  simply  to  hoard  it  and  suck  his  thumbs.  For  a  large 
portion  of  the  silver  dollars  coined  under  that  act  treas- 
ury certificates  were  issued. 

They  have  the  power  of  silver  dollars. 

TREASURY    NOTES. 

!^re  practically  the  same  as  silver  certificates  and  have 
equal  power.  They  are  a  consequence  of  the  law  of  July 
14,  1890,  which  was  practically  only  an  extension  of  the 
law  of  1878,  with  some  unessential  modifications,  such 
as  the  manner  in  which  the  bullion  was  acquired  and 
that  he  did  not  have  to  coin  more  of  the  bullion  than 
enough  to  redeem  all  treasury  notes. 

Of  course,  the  expense  of  this  interesting  operation  was 
borne  by  the  people.  Congress  has  no  scruples  when  it 
comes  to  binding  burdens  grievous  to  be  borne  upon 
industry.    The  financial  policy  of  John  Sherman  has  not 


THE  CRASH  OF  THE  GOLD  COMBINE.  31 

been  changed.  It  is  easy.  It  is,  more  bonds,  more  taxes, 
more  blood  for  the  b^ll-liound  of  tlie  gold  standard.  We 
have  been  surfeited  with  silver,  simply  because  we  can- 
not have  a  silver  money,  but  only  silver  chips  whose  mis- 
sion is  to  circulate  gold  and  keep  our  dear  gold  bug 
government  in  a  stew.  By  the  law  of  Nov.  1,  1893,  silver 
buying  was  repealed. 

By  !his  law  of  1893  the  U.  S.,  as  in  1890,  again  solemnly 
pledged  itself  to  maintain  the  "parity"  and  "equal  pur- 
chasing power  of  every  dollar  at  all  times  in  the  markets 
and  in  the  payment  of  debts." 

If  this  be  true,  it  is  not  to  the  interest  of  the  U.  S.  to  be 
a  bull-headed  gold  bull,  nor  to  forc^  down  the  price  of 
silver. 

The  U.  S.  seems  to  take  fiendish  delight  in  sweating 
workingmen  and  robbing  Industry  for  the  benefit  of  the 
gold  clique. 

THE   UNITED    STATES    NOTE 

Is  a  descendant  of  the  greenback.  It  is  now  converti- 
ble. There  were  $346,000,000  of  them  in  circulation  and 
Congress,  May  31,  1878,  forbade  any  further  reduction  of 
them. 

The  greenbacks  could  be  exchanged  for  gold  at  the 
U.  S.  Treasury  on  Jan.  1,  1879,  and  since  then  have  been 
convertible.  However,  the  premium  on  gold  disap- 
peared Dec.  17,  1878,  on  account  of  the  fact  that  it  was 
known  that  this  soon  would,  and  could,  be  done.  The 
status  or  position  of  the  greenback  at  present  is  different 
than  of  yore,  because  the  government  has  solemnly 
pledged  itself  to  always  maintain  the  equal  purchasing 
power  of  all  its  dollars.  As  the  number  of  them  can- 
not under  present  law  be  reduced,  they  make  a  con- 
venient means  of  taking  gold  out  of  the  U.  S.  Treasury, 


82  THE  CRASH  OF  THE  GOLD  COMBINE. 

but  for  that  matter,  all  of  the  dollars  but  the  gold  one 
may  be  used  for  that  purpose. 

The  greenback  was  born  of  the  villainous  idea  of  legal 
tender  law,  by  which  a  man  may  be  forced  to  take  some 
other  thing  than  that  in  which  a  debt  is  contracted.  The 
true  law  is,  let  a  man  deliver  what  he  contracts  to  deliver 
and  let  the  people  trade  as  they  will. 

The  U.  S.  note  says  it  will  pay  bearer  five  dollars. 

It  does  not  say  when. 

The  treasury  note  says  it  will  pay  the  bearer  in  coin. 
It  does  not  say  when,  but  has  the  silver  dollars  in  the 
treasury  ready  all  the  time.  The  silver  certificates  will 
pay  the  bearer  silver  dollars  on  demand. 

The  national  bank  note  will  pay  the  bearer  five  dollars 
on  demand.  So  it  comes  down  to  the  fact  that  all  the 
paper  moneys  of  the  U.  S.  are  redeemable  in  gold  coin 
and  nothing  else.  For  if  they  should  give  you  silver  you 
have  only  to  go  to  the  other  window  for  your  gold. 


THE    NATIONAL    BANKNOTE. 

"This  note  is  receivable  at  par  in  all  parts  of  the  U.  S. 
in  payment  of  all  taxes  and  excises  and  all  other  dues  of 
the  U.  S.,  except  duties  on  imports,  and  also  for  all  sal- 
aries and  other  debts  and  demands  owing  by  the  U.  S. 
to  individuals,  corporations  and  associations  within  the 
U.  S.,  except  interest  on  the  public  debt." 

This  note  is  secured  by  bonds  deposited  in  the  treasury 
and  is  issued  to  the  extent  of  90  per  cent  of  the  face  value 
of  those  bonds. 

Now,  suppose  you  should  meet  Uncle  Sam  and  should 
say:  "Sam,  you  owe  me  ?100,000,  and  I  hold  your  in- 
terest-bearing note  for  that  sum.    Now,  I  want  to  leave 


THE  CRASH  OF  THE  GOLD  COMBINE.  33 

fhat  with  you  simply  on  deposit  and  get  it  cut  up  into 
small  notes,  whicli  I  will  hold."  Suppose  Sam  answers, 
saying:  "WTiat  I  want  is  confidence  and  that's  the  kind 
of  a  game  we  will  work  on  the  outsiders. 

"We  will  establish  a  great  banking  system  and  we 
will  have  the  cheek  to  call  those  notes  the  ^national  cur- 
rency' or  the  'national  bank  currency.' 

''That  will  give  them  a  big  send-off  as  far  as  sound  is 
concerned  and  the  fact  that  you  leave  the  bond  here  will 
make  them  good,  as  good  as  the  blood  of  Industry. 
Besides,  I  will  help  you  shove  the  queer  by  printing  what 
you  have  read  above  upon  it.  You  can  shove  it  as  shin- 
plaster,  while  I  pay  interest  on  it  as  debt  The  public  be 
damned  will  take  it  as  money,  while  you  work  it  for 
interest.  We  will  stand  in  with  each  other.  I  furnish 
the  cash  while  you  furnish  the  experience  and  rake  in  the 
profits.  It  will  be  a  fine  piece  of  flim-flam  work  and 
great  gold-bug  financiering. 

"That  little  clause  relating  to  taxes,  excises  and  other 
dues  will  run  me  a  little  short  on  gold,  but  then,  you  see, 
that  is  nothing  to  me,  as  I  extend  from  sea  to  sea  and 
the  stamp  of  the  government  is  money.  I  need  gold  to 
pay  my  debts  with  and  keep  up  my  "parity,"  but,  then, 
I  am  the  boss  and  running  this  shop  in  the  interest  of 
the  gold  combine  and  I  have  millions  of  men  and  suffer- 
ing women  to  work  for  me,  whom  you  may  drive  to 
abject  poverty  and  distress,  without  their  knowing  how 
the  game  works  or  how  these  unseen  forces  play." 

If  you  were  a  national  bank  man,  you  would  probably 
attend  the  bankers'  convention.  There  you  would  fill  up 
on  champagne,  bubble  with  monometallism,  spout  with 
patriotism,  whoop  up  the  financial  policy  of  the  govern- 
ment and  sound  money,  gold  money,  of  course.  The 
next  day's  papers  would  be  filled  with  the  idiocy  of  your 


34  Ttlfi  CRASH  OF  THE  GOLD  COMBIN®. 

driyeling,  your  food  for  the  gullible,  your  traps  for  tlie 
unwary,  your  vain  Pharisaical  hog-wash. 

Mr.  Patriot,  this  sound  gold-money  fraud,  in  a  short 
time,  has  made  comparatively  few  to  be  owners,  body 
and  soul,  of  the  great  Republic  of  America. 

A  large  portion  of  these  few  do  not  live  in  this  country, 
but  they  hold  the  reins  that  are  driving  it  to  hell.  It 
matters  little,  however,  where  the  home  of  the  despot 
be.  It  is  better  that  he  be  a  foreigner,  for  if  he  lived 
among  you,  you  might  mistake  him  for  one  of  you.  You 
are  making  the  laws  and  the  business  of  confiscation  goes 
on  here.  These  laws  brought  the  tall  form  of  Sam,  down 
on  trembling  knees,  before  the  paunches  of  a  dude  syndi- 
cate. The  gold  villainy  is  a  colossal  steal  of  vital  energy. 
The  national  banking  system  is  an  unutterable  fraud 
upon  the  industry  of  the  country.  It  is  only  one  of  many 
of  the  children  of  the  single  gold  standard  thievery. 


THE  UNITED  STATES  TREASURY. 

The  U.  S.  Treasurer  says  that  on  June  1,  1895,  he  had 
of  gold  in  the  treasury  |94,265,611,  and  that  there  was 
in  circulation  |483,770,430  of  gold.  Now,  if  this  gold  in 
the  treasury  was  not  in  circulation,  where  was  it?  Is  it 
not,  in  fact,  over  circulated?  Are  not  our  shares  in  it 
very  badly  watered? 

He  could  not  come  anywhere  near  putting  up  the  gold 
for  his  "parity"  obligations  payable  on  demand,  or  de- 
mand notes,  such  as  silver  certificates,  silver  dollars, 
treasury  notes,  greenbacks  and  national  bank  notes. 

iWhat  has  the  treasurer  to  do  with  the  gold  that  he  says 


011A«H  #r  THE  »OLD  ©©MBlNfl.  S3 

is  in  circulation?  It  does  not  belong  to  the  TJ.  S.,  and 
Sam  cannot  get  it  without  making  workingmen  sweat  for 
it.  That  is  what  you  and  your  children's  children  will 
have  to  do  under  this  system  of  monogoldism. 

You  can  never  pay  the  U.  S.  debt  under  this  thieving 
system,  nor  does  the  European  conspiracy  want  you  to 
pay  it.  They  simply  want  to  retain  forever  the  bonds  of 
your  servitude.  So  you  can  vote  for  gold  and  remain 
slaves  or  vote  against  gold  and  have  a  chance  for  free^ 
dom.  The  U.  S.  is  really  getting  deeper  into  debt  in  spite 
of  this  heavy  robbery  of  the  nervous  energy  of  the  people. 
The  U.  S.  owes  mighty  near  two  billion  now.  They  have 
simply  shifted  interest-bearing  bonds  into  non-interest 
bearing  demand  notes,  which  this  blessed  government 
calls  money,  but  which,  in  fact,  are  only  evidences  of 
debt.  The  U.  S.  Government  has  nothing  to  do  with  the 
gold  in  circulation,  unless  it  be  to  show  up  the  visible 
supply,  or  rather  invisible  supply,  for  even  that  is  doubt- 
ful, for  Sam  simply  subtracts  the  amount  of  gold  in  the 
treasury  from  the  general  stock  coined  or  issued  and 
calls  the  rest,  gold  money  in  circulation. 

There  is  a  discrepancy  between  this  statement  of  the 
general  stock  coined  or  issued  and  some  other  statements 
of  the  U.  S.  Treasury,  but  we  cannot  stop  to  bother  about 
that.  There  is  too  much  that  is  not  clear  in  Sam's  finance 
statements,  treasury  reports,  and  other  money  jugglery. 
He  counts  his  paper  in  the  treasury  as  money  in  the 
treasury,  when  it  is  worth  exactly  zero  to  the  U.  S.  He 
counts  his  paper  in  circulation  as  money  in  circulation, 
when  it  is  is  debt  and  representi  a  very  large  minus 
quantity  to  the  U.  S.  Government  and  to  the  people  a  large 
task  of  sweatery.  Especially  large  to  the  people  who 
must  pay  it  by  labor.    More  bedeviling  things  than  the 


36  THE  CRASH  OF  THE  GOLD  COMBINE. 

statements  of  the  U.  S.  Treasurer  cannot  be  imagined. 
Besides,  tliej  are  frequently  very  tricky  in  their  make-up. 
It  looks  as  if  they  were  gotten  up  to  deceive  the  people. 
The  author  really  believes  that  to  be  their  principal  pur- 
pose. 

He  counts  his  paper,  silver,  and  invisible  supply  of  gold 
in  circulation  and  adds  it  to  the  gold,  silver  and  paper 
in  the  treasury,  divides  the  sum  by  the  population  of  the 
U.  S.  and  says  there  is  |35.40  of  money  in  the  U.  S.  per 
capita.  He  simply  lies.  He  divides  all  the  stuff  in  cir- 
culation by  the  population  and  says  we  have  |24.30  per- 
capita  of  money.  Here  he  lies  again.  We  have  proba- 
bly less  than  one-third  of  that  per  capita.  The  govern- 
ment of  the  U.  S.  alone  owes  enough  to  make  us  a  per 
capita  bankrupt.  Counting  all  the  debts  together  we  are 
the  worst  kind  of  a  per  capita  bankrupt  slave,  with  no 
hope  of  redemption,  except  in  the  slaughter  of  the  Euro- 
pean gold  combine. 

The  treasurer  ought  to  make  a  statement  intelligible 
to  the  farmer,  artisan,  workingman  and  scholar. 

Let  him  open  the  door  and  expose  this  closeted  skele- 
ton. He  ought  to  tell  us  where  we  are  and  show  up  this 
great  American  what  is  it,  so  that  plain  people  could  see 
it.  As  a  guide  to  anyone  who  wishes  to  sift  a  public  debt 
statement,  we  will  say  that  all  the  paper  in  the  treasury 
is  zero. 

All  the  silver  and  paper  out  of  the  treasury  is  debt. 

All  the  silver  in  and  out  of  the  treasury  should  be 
lumped  together  as  an  asset.  The  U.  S.  Treasury  would 
be  hopelessly  broke,  but  for  the  taxes  wrung  from  the 
people  to  keep  up  the  ^audy  gold  fraud.  Offset  the  gold 
in  the  treasury  against  the  debt  of  the  treasury  or  the 
-U.  S.  and  you  will  have  the  happy  result    Add  all  this 


THE  CRASH  OF  THE  GOLD  COMBINE.  37 

to  the  interest-bearing  debt  and  you  will  see  where  our 
wonderful  gold-bug  financiering  lias  brought  us  to  after 
years  of  toil.  It  has  simply  enslaved  the  nation.  What 
we  want  now  is  cheap  gold.    Plenty  gold  for  little  labor. 


THE  CLEARING  HOUSE  SYSTEM. 

Suppose  thirty  merchants  form  themselves  into  an  asso- 
ciation and  agree  at  a  certain  place  to  settle  their  demands 
against  each  other  every  day  by  a  certain  time.  The  man 
who  owes  to  any  other  member  or  members,  deposits  his 
cash  there  by  that  time,  the  man  to  whom  money  is 
owed  by  any  member  or  members  makes  his  claim.  It 
is  clear  that  the  claims  will  be  equal  to  the  debts  or  the 
cash  deposited.  They  are  paid  out  of  this  cash  and  the 
association  has  cleared,  or,  rather,  the  members  have 
cleared  as  among  each  other. 

Now,  there  may  be  many  of  these  associations  who  may 
clear  at  a  common  place  as  respects  demands  owed  by 
individuals  of  one  association  to  individuals  of  others  and 
all  the  claims  of  the  individuals  of  an  association  may 
be  lumped  as  the  claim  of  the  association  considered  as 
an  individual.  Of  course,  only  differences  in  money  need 
be  transferred  and  certified  checks  count  as  money.  In 
fact,  they  are  the  title  and  warehouse  receipt  to  money. 
Any  bank  does  the  clearing  for  and  among  the  individuals 
who  patronize  it.  Banks  form  themselves  as  individuals 
into  a  clearing  house  system. 

The  whole  system  of  a  country  may  at  last  clear  at  a 
common  clearing  house,  if  it  be  extended  as  it  really  is. 
We  have  only  shown  the  principle.    We  have  not  gone 


S8  THE  CRASS  OP  THfi  GOLD  COMBINE. 

into  detail,  but  it  is  as  easy  as  falling  off  a  log  and  once 
started  to  work  it  moves  like  clock-work.  It  is  a  mag- 
nificent thing,  as  hereby  an  immense  amount  of  the  un- 
necessary carriage  of  gold  is  avoided.  It  does  not  facil- 
itate the  carriage  of  gold,  but  avoids  the  unnecessary 
carriage  of  gold. 

It  facilitates  exchange  but  it  does  not  make  gold  or  pay 
gold  debts  by  a  long  shot.  Gold  debts  are  paid  with 
gold,  or  with  vital  energy.  The  sin  of  debt  is  washed 
out  in  blood. 

It  is  no  argument  for  or  against  gold  or  gold  mono- 
metallism. It  could  be  done  for  silver,  copper,  or  any 
other  metal  or  stable  substance.  If  it  were  done  so,  it 
would  change  our  petty,  snobby  banking  system  into  a 
great  and  noble  warehouse  system. 

There  is  no  reason  why  the  gold  hog  should  lay  iiji  the 
trough  and  waste  the  swill.  IWhat  is  wanted  is  a  fair 
deal  for  the  whole  pen. 

Copper  checks  could  be  cleared  as  well  as  any  other 
and  the  account  unit  might  be  a  pound  of  copper. 
So  could  silver  be  used,  which  wouW  be  incom- 
parably a  better  money  than  gold.  One  wonderful 
advantage  of  silver  is,  that  it  owes  practically  no  debts. 
It  would  be  vastly  more  economical  to  the  wealth  of  the 
nations,  engaged  as  it  now  is,  in  sweating  out  gold  debts 
or  of  transfusing  its  blood  into  the  veins  of  the  gold 
gang,  or  rather,  of  giving  its  power  or  substance  over  to 
the  gold  monopoly.  Banks  could  carry  on  as  perfect  a 
clearing  house  system  as  they  now  do,  without  special 
government  support,  nor  the  privilege  of  shoving  shin- 
plasters  as  money  and  receiving  interest  on  them  as  debt. 
What  we  want  is  to  make  the  burden  on  Industry  as 
light  as  possible.  We  want  cheaper  gold.  We  need  to 
reduce  the  purchasing  power  of  gold,  which  will  be  to 


THE  CRASH  OF  THE  GOLD  COMBINE.  39 

increase  the  purchasing  power  of  men.  It  will  mean 
universal  prosperity.  We  want  a  pound  of  gold  to  repre- 
sent less  life  force,  less  vital  energy,  less  nervous  power, 
less  blood  of  man  than  it  now  does. 

Banks  can  afford  to  do  our  clearing  free  and  go  to  con- 
siderable expense  in  clerk  hire,  rent,  etc.,  because  they 
make  certain  deals  in  exchange,  etc.,  and  as  a  large  por- 
tion of  our  money  is  sure  to  be  there  all  of  the  time,  they, 
lend  a  certain  safe  share  of  this  at  interest  and  herein  are 
paid  for  the  trouble  besides  a  certain  profit. 

It  is  a  great  favor  to  us,  but  must  be  a  somewhat 
greater  favor  to  them,  or  they  could  not  afford  to  do  it. 

We  are  no  enemy  to  bankers,  but  we  certainly  are  to 
the  system  of  gold  monometallism,  for  it  is  a  system  of 
despotism  unworthy  of  this  age  of  Edison  and  Tesla. 

The  crash  of  the  gold  combine  is  necessary  to  the  prog^ 
ress  of  civilization.  The  clearing  house  system  is  a  gold 
.warehouse  system. 


BARTER 

Is  a  word  closely  akin  to  the  Spanish  word  barato, 
meaning  cheap.  The  old  English  word  cheap  meant  to 
buy.  Buyers  cheapen  what  they  wish  to  purchase  as 
much  as  they  can.  They  chaffer.  Schaf  is  a  German 
sheep.  Eastcheap  and  Cheapside  were  markets.  A 
chapman  is  a  cheapman  or  merchant.  Cheap,  sheep, 
shape,  shift,  ship,  chip,  chaffer,  skip,  kip,  cover  and  many 
other  words  are  sheep  and  goat  words  from  very  early 
times,  when  sheep  and  goat  skins  were  money  and  salt, 
also,  was  money,  or  rather,  perhaps,  the  skins  were  bar- 
tered and  salt  was  money.    A  chip  was  cut  out  of  a  skin, 


40  a'SE  CRASH  OF  THE  GOLD  COMBINE. 

long  before  it  was  cut  off  a  block,  or  before  man  had  a 
decent  chopping  instrument.  I  belieye  a  cut,  a  goat  and 
a  coat  are  the  same  word. 

These  small  cattle  cut  a  great  figure  in  the  history  of 
the  earlj  human  race  and  language,  and  were  domes- 
ticated contemporaneously  with  the  dog,  or,  perhaps,  a 
little  later  and  long  before  the  horse  came  into  general 
use.  We  disagree  with  Webster,  who  sajs  that  barter 
and  barratry  are  practically  the  same  word,  for  they  do 
not  convey  the  same  meaning,  though  they  may  have  the 
same  phonetic  origin. 

According  to  him  an  old-time  merchant  must  have  been 
looked  on  as  a  thief. 

This  is  utterly  wrong,  for  a  trader  is  always  a  welcome 
man  among  primitive  men. 

With  a  bar  we  break  in  and  steal  and  with  a  bar  we 
keep  thieves  out.  Anything  so  barred,  guarded,  or 
warded,  was  of  value,  generally  of  trade  value.  A  man 
barred  his  goods  and  bartered  or  exchanged  his  barter. 
He  does  it  yet. 

A  barn  was  a  bar-in^  where  what  was  wanted  was 
barred  safe  in  and  what  was  not  wanted  was  barred  safe 
out.  By  the  way,  safe  is  a  salt  word.  Earth  was  a  cattle 
shelter,  possibly  a  bar-out,  probably  same  as  berth,  a  safe 
place,  a  safe  place  for  sleeping.  The  word  bar  is  at  the 
bottom,  possibly,  of  all  language.  Ba  probably  orig- 
inally meant  the  branch  of  a  tree,  and  is  the  fruitful  father 
of  a  host  of  labials.  The  very  first  labor  of  man  was  to 
break  the  branch  of  a  tree.  A  bar  was  first  made  from 
the  branch  of  a  tree.  Bar  is  the  resolute  warning  word  of 
a  bar-bearing  warrior.  A  barbarous  man  is  a  man  with 
a  heavy  club  or  bar.  The  man  of  Barbary,  after  he  rode 
horseback,  still  fought  the  Christian  with  a  mace  or  club. 

A  book  could  be  written  on  this  word,  which  pervades 


THE  CRASH  OF  THE  GOLD  COMBINE.  41 

and  permeates  the  languages  ancient  and  modern  of 
Europe.  A  door  was  barred  with  a  bar;  also,  with  a 
heavy  stone.  The  Greek  baros  means  a  weiglit,  from 
which  we  get  barium  and  barometer.  The  Spanish  vara 
is  a  light  bar.  A  brick  is  a  bar-ick,  or  small  bar,  so  also, 
probably  brake.  To  break  is  probably  to  bar-ick,  for 
verbs  spring  from  nouns  and  ick  is  an  old  diminutive. 
We  have  many,  many  bar  words;  for  instance,  barrel, 
barley,  beard,  bread,  beer,  branch,  bring,  barrow,  brush, 
burst,  brackish,  bracken,  bruise,  baron,  war,  etc. 

Gentle  reader,  do  not  bother  yourself  about  the  fool's 
maze  on  barter,  written  in  so  many  works  on  political 
economy.  It  is  generally  used  as  an  argument  for  gold 
despotism.  It  argues  for  nothing.  Barter  means  trade. 
We  trade  now,  always  have  and  always  will.  All  we  can 
do  is  to  improve  our  methods  and  facilities  for  trading. 
We  could  use  a  silver  account  unit,  quite  as  well  as  a 
gold  one.  Money  is  as  old  as  accounts.  To  keep  a  de- 
cent account,  you  must  have  a  decent  account  unit,  which 
is  always  a  weight  of  money.  The  standard  of  relative 
value  is  the  money  or  the  value  thereof;  the  unit  of  value 
is  the  purchasing  power  of  the  account  unit.  As  a  mat- 
ter of  fact  you  are  only  adding  up  the  nervous  energy  of 
man  as  stored  in  your  account  unit  commodity.  In  this 
pernicious  system  of  gold  monometallism  we  are  only 
corroding  the  mechanism  of  exchange  and  wasting  the 
blood  of  the  wealth  of  the  nation. 

Remember  as  to  coins,  in  connection  with  this  money 
business  that  a  weight  coin  is  always  an  international 
coin. 

The  above  is  a  scientific  fact  which  it  would  be  well  to 
impress  upon  your  memory  and  a  fact  which  no  interna- 
tional congress  can  change. 

Among  great  trading  nations  the  barter  of  dismalism 


42  THH  CRASH  OF  THIS  SOLD  COMBINE. 

was  gone  long  ago.  Even  so  at  the  time  of  the  sale  of  the 
cave  of  Machpelah,  which  happened  further  on  the  other 
side  of  the  manger  than  we  are  on  this  and  is  recorded 
in  the  23d  chapter  of  Genesis. 

Abraham  bought  the  field  of  the  cave  for  400  shekels 
of  silver.  The  payment  was  witnessed  by  the  sons  of 
Heth.  The  property  was  "made  sure,"  probably  marked, 
described  and  delivered  in  the  presence  of  witnesses.  The 
transaction  was  a  solemn  one  and  properly  published 
and  recorded,  as  it  were. 

"And  all  the  trees  that  were  in  the  field,  that  were  in 
the  borders  round  about  were  made  sure."  That  is,  the 
line  trees  were  marked  and  more  than  that,  probably  on 
the  outside,  so  that  they  belonged  to  Abraham,  in  case  of 
being  cut  down  for  posts  or  wood. 

Remember,  we  had  then  but  seven  metals  and  as  many 
as  at  the  time  of  the  discovery  of  America. 

I  make  out  that  the  silver  paid  for  the  field,  counted 
as  pure  silver,  was  equal  to  the  pure  silver  contained  in 
241 1-3  American  silver  dollar  pieces.  A  shekel  is  counted 
as  224  grains.  "Abraham  weighed  to  Ephron  400  shekels 
of  silver,  current  money  with  the  merchant."  That  is  as 
we  take  it,  customary  money  among  merchants.  We  have 
no  idea  of  the  relative  purchasing  power  of  silver  in 
those  days.  It  seems  to  me  quite  a  large  sum  for  those 
old  times.  That  silver,  we  suppose,  came  originally  from 
the  mines  of  Italy  or  Spain,  but  we  do  not  know.  You 
know  what  direful  historical  consequences  are  supposed 
to  have  been  brought  about  by  the  failure  of  the  mines 
of  Spain.  The  world  at  the  time  of  the  discovery  of 
America  was  hungry  and  thirsty  for  gold  and  silver.  It 
acted  like  a  revivification.  Like  the  transfusion  of  blood 
into  an  emaciated  civilization. 

Christopher  Columbus,  the  scholar,  dreamer  and  crank, 


whose  immortal  soul  beat  itself  out  from  a  body  loaded 
down  with  chains,  within  the  four  walls  of  a  Spanish 
dungeon,  brought  about  a  wonderful  reawakening  in  this 
world. 

Our  world's  gold  mines  have  practically  failed,  but  we 
are  in  no  wise  at  the  mercy  of  the  gold  despotism  as  it  so 
confidently  thinks. 

A  little  campaign  of  education  will  show  that  there  is 
«uch  a  despotism  and  a  slight  twist  of  the  wrist  in  mone- 
tary law^  will  free  us  of  the  despot. 

The  case  of  Europe  is  hopeless  now.  The  heel  of  the 
despot  is  upon  her  neck,  but  as  soon  as  we  free  ourselves, 
then  freedom  will  come  there.  Westward  the  course  of 
empire  takes  its  way.  Eastward  the  light  of  freedom 
advances. 

The  world's  civilization  can  get  along  very  nicely  with- 
out any  increase  in  the  world's  stock  of  gold,  but  not, 
however,  under  this  iniquitous  system  of  gold  monomet- 
allism. We  will  show  you  how  later. 

We  are  not,  as  many  suppose,  at  the  mercy  of  the 
gold  money  kings,  nor  their  army  of  lickspittles,  either 
in  parliaments,  congresses,  colleges,  boards  of  trade,  or 
cabinets,  or  out  of  them. 

These  men  are  mistaken.  They  are  blind  leaders  of  the 
blind.  'Seeing  the  truth  they  will  change  their  opinions. 
Just  such  men  made  Galileo  recant,  but  the  world  moved 
just  the  same. 

It  was  a  wholesome  thing  for  him  to  do,  but  it  is  not  a 
wholesome  thing  for  any  patriot  to  cast  his  ballot  in 
favor  of  the  gold  gang. 

Boys,  vote  against  them  hard  and  strong.  Tou  clean 
out  their  candidates  and  I  will  engage  to  rout  their  big 
medicine  men. 

All  they  preach,  is  purge,  bleed  and  clyster.    We  can 


U  THE  CRASH  OF  THE  GOLD  COMBINE. 

drive  the  golden  geese  across  tlie  world  with  a  mullen 
stalk. 

Gold  monometallism  is  a  goose  that  eats  the  wealth  of 
the  nation  and  lays  eggs  for  the  gold  monopoly.  We 
propose  to  kill  that  goose  for  Christmas,  1897.  The  boys 
were  right  in  '76. 

Vote  against  the  gold  gang  and  you  will  be  right  in'96. 


THE  MECHANISM  OF  EXCHANGE. 

Now,  gentle  reader,  suppose  that  you  and  I  sit  down 
under  an  immense  tent,  a  blue  canopy,  as  it  were.  We 
have  an  imaginary  line  between  us.  You  have  an  im- 
mense amount  of  goods  on  your  side  and  I  the  same 
upon  mine.  We  are  supposed  to  have  caught  the  idea  of 
money  and  of  an  account  unit. 

It  will  be  a  definite  quantity  of  some  commodity  that 
we  both  prize,  that  with  both  of  us  has  trade  value  or 
purchasing  power.  This  value  is  of  the  vital  energy  of 
man. 

Now,  suppose  we  swap  on  the  purchasing  power  of  a 
definite  quantity  of  this  money,  which  we  have  selected. 

It  does  not  matter  so  much  what  the  commodity  may  be, 
for  it  takes  two  to  make  a  bargain  and  we  are  free  to 
select.  We  have  none  of  Sam's  despotism  to  contend 
with.  Now,  we  have  money  and  begin  to  trade  with  great 
success.  I  begin  to  sell  goods,  that  is,  to  buy  money.  I 
exchange  my  goods  for  your  money. 

Every  time  you  want  a  thing  we  chaffer  on  the  price  and 
as  soon  as  agreed  upon,  our  servants  carry  it  to  you  and 
bring  the  money  back  to  me,'  which  is  placed  in  a  pile, 


THE  CRASH  OF  THE  GOLD  COMBINE.  45 

while  the  goods  bought  with  it  are  taken  over  to  your  side. 
Here  we  have  the  next  thing  in  barter,  that  is,  cash  trade, 
a  thing  we  do  every  day  at  the  shops.  Notice  very  par- 
ticularly that  with  other  goods  I  was  buying  money. 
Suppose  we  had  selected  a  gold  money. 

Is  it  not  true  that  I  was  buying  gold  by  money  weights. 

Is  it  not  true,  indeed,  and  in  fact,  that  wit-h  various 
commodities  I  was  buying  the  single  commodity — gold? 
The  counting  of  good  weight  gold  coins  is  but  the  weigh- 
ing of  gold  and  a  gold  coin  in  these  U.  S.  is  a  counter  for 
its  own  purchasing  power.  Not  so  with  a  silver  coin, 
that  is  a  counter  for  a  definite  quantity  of  gold. 

A  silver  dollar  is  the  counter  for  the  purchasing  power 
;of  a  gold  dollar  and  so  with  paper,  copper  and  nickel. 

Now  suppose  our  trading*  goes  on.  My  pile  of  gold  is 
getting  big.  You  say  to  me:  "Look  here,  that  kind  of 
money  is  getting  scarce  with  me  and  for  several  reasons 
it  is  inconvenient  for  me.'^ 

I  answer:  "There  is  nothing  mean  about  me.  I  will 
trade  it  back  to  you."  So  we  trade  back  and  forth  thou- 
sands of  our  money  unit's  worth  of  goods.  On  the  even- 
ing of  this  day,  all  the  money  thaf  I  had  placed  in  a  pile, 
of  the  money  that  all  started  from  your  side,  was  back 
again  on  your  side.  The  place  w^here  my  pile  of  money 
had  been,  was  absolutely  bare  of  money.  Now,  suppose 
that  the  account  unit  w^e  selected  had  been  an  American 
gold  dollar.  Then  our  money  would  be  of  the  minted 
gold  of  the  U.  S.  It  would  be  what  is  sometimes  called 
U.  S.  gold  specie  and  our  account  unit  the  gold  dollar. 

Now,  in  the  above  trading  we  see  thousands  or  millions 
of  dollars'  worth  of  goods  exchanged  and  every  dollar 
back  where  it  was  when  we  began.  We  did  not  say  that 
the  dollars  had  not  been  exchanged,  for  they  had,  per- 
haps hundreds  of  times.    We  bartered  various  goods  for 


46  THE  CRASH  0^  THE  GOLD  COMBINE. 

a  definite  weight  of  a  definite  goods.  Or  in  the  grand 
round-up,  we  bartered  various  goods  for  a  single  goods 
of  definite  quality.  With  the  value  of  an  account  unit 
we  traded  goods. 

Now,  that  was  the  good  old  way,  still  very  much  in 
vogue.  We  have  brought  it  out  just  to  show  how  the  old 
thing  works.  The  next  morning  we  come  to  the  old  seat 
and  you  unfold  to  me  a  brilliant  plan  that  occurs  to  you 
during  the  night.  You  say:  "This  packing  of  money 
back  and  forth  is  a  deal  of  trouble.  Suppose  we  just 
mutually  agree  to  owe  it  while  this  trading  is  going  on, 
and  I  will  have  a  clerk  and  you  a  clerk  to  keep  account  of 
it  and  any  man  who  carries  goods  can  take  a  list  of  the 
goods  he  carries,  with  the  prices  we  have  agreed  on;  that 
is,  a  bill  of  goods  or  an  invoice,  and  he  can  bring  a  re- 
ceipt back.  Our  clerks  will  keep  a  record.  These 
accounts  ought  to  agree,  and  if  they  do  not,  the  mistake 
can  be  easily  traced  and  corrected.  These  clerks  will 
keep  a  record  both  of  goods  and  money  bought.  The 
accounts  will  be  kept  in  money  counted  up  by  our  account 
unit,  which  will  be  a  definite  quantity  of  one  commodity 
or  a  definite  quantity  of  money  and  each  lot  of  goods  will 
be  balanced  in  trade  by  a  definite  quantity  of  our  account 
unit  goods,  or  money,  or  by  a  definite  number  of  our 
account  units,  which  is  the  same  thing.  The  account 
unit  goods  is  money  and  our  standard  of  relative  value. 
The  account  unit  is  a  definite  weight  of  money.  These 
clerks,  by  putting  your  debit  of  money  against  my  debit 
of  money  can  tell  exactly  at  any  time  what  either  of  us 
owes  to  the  other." 

So  we  exchanged  that  day  millions  of  dollars^  worth  of 
goods  on  each  side>  and  at  night  we  were  square.^  Not  a 
dollar  moved  out  of  your  locker  to  me  nor  out  of  mine 
to  you. 


.THE  CRASH  OF  THE  GOLD  COMBINE.  47 

What  passed  back  and  fortli  was  the  purchasing  power 
of  money  as  measured  in  account  units.  We  bartered 
through  the  medium  of  the  purchasing  power  of  an  ac- 
count unit  or  dollar.  Here  is  where  we  get  the  definition 
of  money  being  a  medium  of  exchange. 

This  definition  is  imperfect.  It  is  the  purchasing  power 
of  an  account  unit  that  is  a  medium  of  exchange. 

This  purchasing  power  may  vary  greatly  and  still  be  a 
medium  of  exchange.  The  proof  is  the  fluctuation  of 
prices.  In  this  regard  there  is  no  more  treacherous  thing 
than  gold,  for  it  is  an  utterly  treacherous  cornered  com-" 
modify.  The  "fixity  of  value"  theory  is  utterly  worthless 
as  a  defender  of  gold  monometallism.  If  it  is  good  for 
anything,  all  its  power  urges  against  the  continuance  of 
gold  money  despotism. 

Under  gold  monometallism  or  money  monopoly,  all 
times  are  hard,  but  some  times  are  harder  than  others. 
In  this  the  "sound  money"  theory  is  very  sound. 

The  system  blows  in  industry  to  suit  itself. 

It  is  a  colossal  scheme  of  silent  confiscation,  utterly  in^ 
defensible  and  has  done  more  to  retard  the  progress  of 
civilization  and  of  humanity  than  anything  else.  It  is 
the  cause  of  wars  and  of  man's  inhumanity  to  man.  It 
crucified  Christ  and  has  kept  the  "Son  of  Man,"  the 
"wealth  of  nations"  enslaved.  It  shall  not  last  forever, 
for  we  believe  we  see  the  budding  of  the  fig  tree,  the 
Son  of  Man  in  the  distance  on  the  right  hand  of  power. 
What  we  want  is  cheap  gold.  We  propose  to  pay  the 
gold  debts  of  the  world  easy  and  take  this  burden  off  of 
a  suffering  world.  We  propose  to  feed  the  gold  gang 
gold  till  it  is  sick  unto  death.  We  purpose  to  hit  the 
gold  monopoly  an  immortal  blow.  Gentle  reader,  with 
your  help  and  our  little  knife  we  will  butcher  the  great 
red  dragon.    We  will  cut  his  throat  from  ear  to  ear. 


48  THE  CRASH  OF  THE  GOLD  COMBINE. 


TIME. 

Whether  time  can  be  best  eonsicTered  as  sometbing 
moving  toward  us  and  in  wbicb  we  stand  as  in  a  flood 
of  silent,  swift,  invisible  wings,  or  whether  it  can  best  be 
considered  as  a  vast  level  over  which  we  are  traveling 
with  equal  pace  toward  that  bourne  from  which,  it  is 
said,  no  traveler  ever  returns,  are  questions,  not  to  my 
mind  solved.  The  two  conceptions  are  only  relatively 
different.  There  is  another,  more  amazing  and  probably 
more  correct  conception  of  time.  It  is  the  prophetic  or 
possibly  Divine  One  to  whom  all  is  light.  In  this  we 
neither  move  nor  does  anything  move  toward  us. 

This  we  cannot  now  discuss,  how  interesting  soever  it 
might  be,  for  it  is  an  intensely  logical  scientific  specula- 
tion. In  this  the  space  about  us  is  illumined  by  the  light 
within  us.  These  are  rapid  times  compared  with  the 
dark  ages.  This  light,  is  the  light  spoken  of  by  Christ, 
the  intelligence  of  man,  or  perhaps  glints  from  the  mind 
of  the  infinite,  from  the  divine  spark  within  us,  which  in 
man  is  now  comparatively  rapidly  increasing. 

The  compass  of  the  mind  of  Christ  is  to  my  mind  im- 
measurable.   Was  it  infinite? 

The  reason  that  people  do  not  fill  the  churches  is  that 
the  preachers  do  not  fill  the  people. 

Preachers  must,  like  Moses  and  the  Divine  Master,  be- 
come teachers.  The  laws  of  Gad  cannot  be  broken,  the 
rules  of  man  may. 

Science  and  religion  are  one. 

You  shall  know  the  truth  and  the  truth  will  make  you 
free. 

I  believe  that  we  are  near  the  era  of  peace  on  earth 
and  good  will  toward  men  and  that  the  air  is  ripe  for  great 


THE  CRASH  OF  THE  GOLD  COMBINE.  49 

moral  and  political  revolution.  But  this  can  never  be 
till  we  accomplish  the  death  of  money  monopoly,  out  of 
which  hydra  the  other  heads  spring.  The  struggle  is 
already  beginning.  The  sharp  crack  of  the  desultory 
rifle  may  be  heard  on  every  hand.  The  embattled  farmers 
and  workingmen  are  out  and  patriots  have  fired  another 
shot  that  will  be  heard  round  the  world.  The  first  shot 
brought  many  things.  This  shot  will  bring  us  more  free- 
dom and  prosperity  than  you  have  ever  dreamed  of. 

It  will  take  the  lines  out  of  your  suffering  faces  and  the 
look  of  frightened  apprehension  out  of  your  troubled  eyes. 

It  will  give  you  peace  of  mind  and  such  happiness  as  you 
have  never  known. 

Vote  right.  We  must  clear  the  last  vestige  of  this 
iniquitous  oppression  of  monogoldism  from  the  face  of 
the  earth. 

We  had  not  intended  to  give  a  religious,  or  directly 
patriotic  character  to  this  discussion.  Still  it  is  essen- 
tially of  the  theme.  We  are  no  suppliant  at  the  feet  of 
money  monopoly,  but  a  warrior  with  a  knife  at  his  very 
heart. 

It  is  a  case  of  bigotry,  oppression,  tyranny,  theft, 
cruelty  and  fraud  upon  one  side  and  of  science  and  truth 
and  of  the  elementary  and  the  grand  tactics  of  ethics  upon 
the  other.  It  is  a  holy  war  upon  one  side  and  a  dark, 
villainous,  criminal  strife  on  the  other.  Gold  mono- 
metallism must  go.  We  want  and  can  easily  get  cheaper 
gold. 

The  first  conception  of  time  is  perhaps  the  poetical  one, 
wherein  we  "take  no  note  of  time  but  from  its  loss." 

Time  comes,  time  goes,  time  passes.  Was  it  a  dream? 
was  it  a  World's  Fair  vision  or  was  it  reality?  Whatever 
it  was  it  is  gone.  The  second  conception  is  probably  the 
philosophical  one.  /'The  march  of  time.''    "Footprints  in 


K0  TITS  eEASH  0F  THS  ftdL9  00MBIK9. 

the  sands  of  time/'  In  both  perhaps,  filled  with  fear  and 
with  hope,  we  peer  with  straining  eyes  into  the  dim,  or 
judging  from  the  past,  speculate  into  the  dark  future. 
For  our  devils  come  out  of  the  night  and  we  can  never 
know  when  our  angels  may  appear.  The  second  concep- 
tion, that  of  a  road  over  a  plain,  is  the  one  we  shall  adopt. 
Across  this  road  are  certain  lines,  plainly  to  be  seen,  but 
from  the  road  upward  they  may  be  considered  as  solid  and 
invisible,  like  walls  of  solid,  absolutely  transparent  glass. 

These  walls  are  solid,  however,  for  only  those  for 
whom  they  are  intended  to  be  solid. 

Others  walk  through  them  without  the  least  resistance, 
but  the  mark  in,  or  by  the  side  of  the  road  may  always 
plainly  be  seen. 

We  there  have  received  so  much  time,  have  endured  for 
so  much  duration.  The  traveler  there  comes  at  length  to 
the  solid  wall,  without  ever  having  seen  it,  though  he  may 
have  feared  or  known  that  it  was  near.  He  there  pays 
the  debt  of  nature.  His  account  with  man  is  settled.  He 
has  left  his  tools  and  his  work.  Here  we  must  leave  him 
with  no  other  requiem  but  the  hope  that  he  may  have  been 
strong  and  true,  "A  good  and  faithful  servant,"  who  unde- 
terred by  pain,  fought  the  good  fight  of  faith  with 
unflinching  courage,  whether  it  seemed  to  him  to  be  suc- 
cessful or  not,  for  verily  he  shall  have  his  reward. 

Here  we  must  leave  our  traveler,  otherwise  we  would 
enter  upon  the  discussion  of  the  ages.  We  will  say,  how- 
ever, that  as  we  believe  in  the  indestructibility  of  forces, 
as  well  as  of  matter,  we  believe  that  he  has  only  left 
his  tenement  of  clay,  his  adobe  hut,  and  gone  over  the 
divide  and  that  this  is  not  the  end.  These  marks  in  the 
road  are  debtor  marks,  they  are,  the  time,  such  as  is  kept 
by  our  watches  or  our  celestial  dials.  They  are  dates. 
.You  can  crush  neither  a  man  nor  an  eggshell  by  pressure 


THE  CRASH  OF  THE  GOLD  COMBINE.  51 

:only  in  one  direction.  Many  a  man  has  been  crushed 
against  a  solid  wall  of  hard  time. 

.We  only  brought  up  the  subject  of  time  because  it  is  a 
very  essential  thing,  never  considered  by  the  common 
Political  Economist.  They  take  no  note  of  time  but  from 
its  loss.  We  cannot  go  further  with  this  for  we  intend  to 
keep  reasonably  near  the  main  trunk  of  our  discussion. 

It  takes  time  for  laws  to  work  out  results,  and  given 
time  these  results  will  ever  be  plainly  seen  in  the  light  of 
a  clear  mind. 

What  is  the  practice  of  the  doctrine  of  monogoldism 
'doing  for  the  world? 

What  has  it  done  for  this  country  since  1873? 

Is  it  not  draining  it  of  its  life  blood  and  wantonly  wast- 
ing it? 


(DEBTS. 


Debts  are  contracts  for  the  delivery  of  goods. 

We  shall  only  consider  contracts  for  the  delivery  of  gold 
]goods,  or  money  debts,  for  the  contracts  of  the  world  for 
the  delivery  of  other  goods  are  utterly  insignificant. 

These  are  all  alike  in  the  fact  that  they  are  sweated  out 
of  Industry.  Under  this  view,  National,  State,  County, 
Municipal  and  private  debts  should  be  added  together  as 
belonging  to  the  same  category. 

It  is  a  well-known  fact  that  the  people  of  the  gold 
standard  world  cannot  even  sweat  out  their  National 
Debts,  and  the  others  are  collectively  much  greater. 

Gold  bug  philosophy  has  invented  the  saying,  "A  na-* 
tional  debt  is  a  national  blessing,"  as  if  personal  shackles 
,were  a  personal  blessing.    All  this  means  that  the  pro^ 


52       THE  CRASH  OF  THE  GOLD  COMBINE. 

ductive  or  industrial  interests  of  tlie  world  are  enslaved 
to  the  Gold  Combine.  We  must  find  relief  somewhere. 
We  must  either  pay,  repudiate,  or  stay  slaves.  We  must 
shoot  or  give  up  the  gun.  The  heroic  choice  between  the 
two  evils  of  enslavement  or  repudiation  is  what  confronts 
our  people  under  the  tyranny  of  Gold  Monomonetism. 

Instead  of  repudiating  the  debts,  we  propose  to  re- 
pudiate money  despotism.  Gold  Monomonetism  is  the  in- 
strument of  Thievery.  It  is  the  jimmy  that  is  cracking 
the  public  crib.  If  this  be  broken  many  other  evils  will 
remedy  themselves.  The  so-called  struggle  between 
Capital  and  Labor  is  the  struggle  between  labor  and 
specially  privileged  labor.  Take  away  the  special  wrong- 
ful privileges  and  the  struggle  ends.  The  greatest  of  these 
is  gold  monometallism. 

As  we  said  before,  all  debts  in  a  greater  or  less  degree 
may  be  called  national. 

They  all  rest  on  the  same  ass,  Labor.  The  bonds  of  the 
U.  S.  are  notes.  The  obligation  is  the  delivery  of  gold, 
and  that  is  all  the  obligation.  The  only  thing  that  binds 
a  free  government  is  the  honor  of  its  people.  The 
bonds  of  the  U.  S.,  as  well  as  all  other  debts  of  the  U.  S., 
are  payable  in  U.  S.  minted  gold  as  weighed  out  in  dollars. 
This  gold  by  unnecessary  and  arbitrary  legislation  is  made 
to  be  the  money  of  the  country,  and  these  dollars  are 
weights  of  this  money.  This  legislation  is  simply  a  piece 
of  brutal  despotism,  and  the  fact  that  the  same  or  a  similar 
law  obtains  in  many  other  countries  is  no  argument  in 
favor  of  this  colossal  piece  of  folly  and  ignorance. 

Gold  monometallism  is  foisted  on  fools  by  knavery. 

Bonds  may  be  called  bonds  because  they  are  bonds  of 
servitude  and  assign  a  task  to  the  industry  of  the  country, 
which  task  is  the  delivery  of  a  quantity  of  a  certain  quality 
of  a  metallic  alloy  known  as  the  gold  coin  of  the  U.  S.  Up- 


THE  CRASH  OF  THE  GOLD  COMBINE.  53 

on  the  point  of  what  a  dollar  should  be  the  U,  S.  bond 
men  have  been  very  particular,  and  it  has  been  settled  by 
law  as  they  desired.  Gold  monometallism  sneaked  in 
without  our  invitation,  and  to  our  infinite  relief,  it  will 
leave  without  our  regret.  The  bond  men  were  very  par- 
ticular as  to  what  they  should  be  paid  in,  and  they  were 
right  to  be  particular. 

For  with  the  howl  of  the  Money-is-the-stamp-of-the-Gov- 
ernment  man  heard  everywhere  in  the  land  they  were 
afraid  they  might  not  be  paid  at  all. 

These  people  have  somehow  gotten  the  idea  that  the 
government  has  everything  to  do  with  money  and  labor 
or  trade  nothing.    A  greater  mistake  could  not  be  made. 

Sam  does  not  make  money  with  his  little  stamp,  but 
he  establishes  the  system  of  Gold  Monometallism  with  his 
rascally  little  law. 

What  we  need  to  do  is  to  give  other  metals  a  chance 
in  this  business  of  being  conductors  for  the  vital  energy 
of  man. 

The  interests  of  the  farmers  and  the  railroads  is  a  com- 
mon one.  These  excessive  freights  are  simply  profits  paid 
over  as  interest  to  the  Gold  Combine.  We  want  to  pay 
railroad  debts  cheap.  We  want  to  pay  them  easy.  We 
do  not  want  to  rob  the  hearts  of  our  people  of  this  con- 
tinuous and  tremendous  current  of  vital  energy. 

The  heart  of  the  man  who  thoroughly  understands  this 
iniquitous  system,  and  at  the  same  time  desires  a  con- 
tinuance of  it,  must  be  filled  with  a  flood  of  poison  and 
his  soul  must  be  a  spot  of  ethereal  venom. 

This  subject  of  debt  deserves  more  attention  than  we 
have  been  able  to  give  it  here. 


hi  THE  CRASH  OF  THE  GOLD  COMBINE. 


POLITICAL  ECONOMY. 

Is  the  science  of  power.  It  is  the  science  of  sciences. 
It  takes  into  consideration  the  economical  use  of  power 
as  well  as  the  economical  application  of  all  of  the  powers 
of  nature.  We  want  all  of  these  loafers  to  work  in  the 
most  economical  way  for  the  happiness  of  man. 

The  quickest  and  least  wasteful  way  of  doing  a  thing 
is  the  best  way.  This,  also,  and  above  all,  brings  into  con- 
sideration economy  in  the  consumption  of  the  life  force 
of  man,  or  rather,  perhaps,  the  divine  spark,  the  thinking, 
hopeful,  fearful,  suffering,  enjoying,  aspirmg  power,  that 
will  lead  us  from  Earth  to  Heaven,  and  wherein  only  fs 
there  an  essential  difference  between  the  animal  and  the 
vegetable  kingdoms.  Plants  have  life  and  all  but  thought 
It  is  in  this  thought  or  thinker  that  the  thought  of  the 
Political  Economist  should  be  particularly  interested. 
It  takes  a  great  deal  of  blood  to  run  this  thinker,  as 
about  one-third  of  the  blood  of  the  human  body  goes  to  the 
head,  and  perhaps,  a  good  deal  more  in  some  strong 
cases. 

What  have  our  College  Political  Economists  been  doing 
these  hundred  years  with  their  precious  high  paid  blood? 

They  must  show  up  something  better  for  the  money 
than  intricate  excuses  for  the  money  despotism. 

The  vital  force  is  the  noble  force,  and  not  to  be  ruth- 
lessly consumed.    "Thou  shalt  not  kill." 

No  true  science  ever  builds  a  wall  or  law  against  the 
laws  of  Nature  or  of  Nature's  God.  Scientists  are  ever 
trying  to  ascertain  what  those  laws  may  be. 

They  look  for  further  light,  and  for  this  purpose  scaf- 
fold theories,  which  they  abandon  when  found  to  be  un- 
serviceable.   A  description  of  these  abandoned  theories 


THE  CRASH  OF  THE  GOLD  COMBINE.  K 

may  be  found  everywhere  in  the  history  of  the  wreckage 
of  science.  In  some  cases  they  served  a  very  good  pur- 
pose, in  others  a  very  bad  one. 

This  ignorant  humbuggery  of  the  idea  that  there  is  any 
necessity  for  a  governmentally  protected  money  has  dom- 
inated the  world  for  a  longer  time  and  done  more  to  retard 
the  science  of  Political  Economy  than  did  the  phlogistic 
theory  to  retard  the  science  of  chemistry. 

The  Political  Economists  may  start  their  science  on  the 
rule,  'Thou  shalt  not  steal."  Its  corollary  is,  "Thou  shalt 
not  bear  false  witness."  It  is  a  direct  command  to  every 
scientist.    The  ten  commandments  are  these  two. 

Stealing  is  the  depriving  another  of  life  force  or  vital 
energy.  It  comes  near  murder;  is  less  only  in  degree  or 
violence,  for  in  the  latter  he  is  deprived  of  all. 

Gold  Monometallism  is  the  lowest  kind  of  high-toned 
stealing,  the  highest  kind  of  low-down  sneak-thievery.  It 
is  the  meanest  kind  of  wholesale  murder. 

Nothing  is  ever  stolen  but  vital  energy,  or  the  purchas- 
ing power  of  men. 

Political  economy  as  taught  in  colleges  is  hardly  a 
science.  It  is  a  review  of  mal-government,  or  mis-govern- 
ment, interspersed  with  certain  w^heyey  speculations. 
The  Malthusian  Doctrine  shows  the  cause  of  nothing.  It 
is  a  result  that  falls  as  the  leaves  do  fall.  The  population 
question  regulates  itself.  We  are  not  asking  for  help  for 
the  sons  of  men  who  never  appear.  Help  those  who  are 
here  and  the  others  will  naturally  show  up  in  due  time. 
We  do  not  need  any  lectures  as  to  what  our  sons  and 
daughters  ought  to  do.  They  will  probably  do  as  they 
used  to  do.  Wherever  prosperity  is  there  children  will 
be,  and  hard  times  has  the  contrary  effect.  In  illogical 
minds,  the  doctrine  of  Malthus  is  used  for  the  purpose  of 
playing  the  prayer  of  the  Pharisee  as  a  trump  card. 


5(3       THE  CRASH  OF  THE  GOLD  COMBINE. 

We  hear  a  great  deal  about  the  Division  of  Labor.  It 
is  a  cause  of  nothing,  but  is  a  consequence  of  the  easiest 
way,  as  is  also  the  clearing  house  system.  They  are 
natural  consequences.  We  hear  a  great  deal  about  pro- 
duction, but  the  word  as  used  by  them  has  never  been 
clearly  defined. 

The  science  is  in  fact  a  maze  of  muddled  conceptions 
and  of  mental  murkiness,  or  in  fact  no  science  at  all.  In 
manufacture  there  are  two  elements,  power  and  material. 
Manufacture  ceases  when  it  does  not  pay,  but  men  will 
live  and  labor  for  generations  on  the  very  verge  of  a  mis- 
erable existence.  Life  seems  to  be  sweet,  and  a  man  and 
a  Vv^oman  v/ill  lock  arms  and  go  thus  for  generations,  but 
all  work  and  no  play  makes  Jack  a  dull  boy.  We-  get  no 
principles.  Is  Political  Economy  the  only  unprincipled 
science?  Has  it  no  ends,  no  aims?  Is  not  its  object  to 
increase  the  happiness,  the  wealth,  the  welfare  of  the 
human  race? 

Gentlemen,  what  we  want  is  peace  and  justice,  and  we 
want  to  see  the  color  of  your  science. 

Do  not  quote  China  and  Mexico  as  an  argument  in  favor 
of  monkey  monetism. 

The  trouble  with  these  countries  is  again  a  question  of 
force  and  power.  They  do  not  use  as  many  foot-pounds 
per  man  as  we  do.  We  probably  use  500  times  as  many 
per  man.  Mexico  is  improving  rapidly.  One  of  her  great 
troubles  is  the  English  gold  debt  forced  upon  her  when  the 
U.  S.  was  drenched  in  fraternal  blood.  See  what  Japan 
has  done  in  a  day,  because  of  the  application  of  a  few 
advanced  methods,  all  pertinent  to  the  question  of  the 
use  of  power. 

The  business  of  a  true  Political  Economist  is  not  that 
of  a  special  pleader  of  any  old  political  god,  but  it  is  to 
teach  the  truth  to  all  the  world.    College  Political  Econ- 


THE  CRASH  OF  THE  GOLD  COMBINE.  57 

omy  is  too  often  a  pathless,  painful  journej^  in  the  nigM, 
over  dry  gulches  and  across  rugged  starless,  sterile  wastes. 
Hence  the  name,  the  dismal  science.  Gentlemen  of  the 
colleges,  we  make  an  appeal.  We  have  said  little  about 
suffering,  but  the  suffering  there  has  been  in  this  world 
and  in  this  land  on  account  of  the  Gold  Combine,  or  this 
theory  and  practice  of  Gold  Monometallism,  would  move 
the  heart  of  almost  anything  but  the  golden  tiger.  Still 
it  does  not  seem  to  have  affected  the  comfortable  rhythmic 
beating  of  the  cardiac  nerve  of  the  college  Political  Econ- 
omist. 

Will  you  never  open  your  bosoms  to  the  dove? 

Now,  as  men  and  brethren,  we  appeal  to  you  in  the 
name  of  Truth,  Justice  and  Mercy,  in  the  name  of  Man  and 
Woman,  in  the  name  of  humanity,  and  in  the  name  of  God, 
to  come  and  lend  the  power  of  your  influence  and  intelli- 
gence toward  the  destruction  of  this  Horrific  Vulture, 
voracious  beyond  compare,  which  is  consuming  the 
vitals  of  the  human  race,  faster  in  action  than  they  can  be 
replaced  in  repose.  Come  with  your  club.  Kill  the 
monster  and  unchain  the  man.  Political  Economy  is  the 
science  of  vital  energy.    It  is  the  vitalic,  or  valic  science. 

It  is  interested  especially  in  the  expenditure  of  the  vital 
force  of  man,  and  in  its  increase  and  upbuilding. 

It  is  interested  in  the  facile  interchange  of  com- 
modities. 

Political  Economists  are  not  the  pet  monkeys  of  a  gang 
of  thieves  doing  business  under  the  sign  of  the  Golden 
Ring. 


QUXBT.  WmCB  If  THE  fiUCSEB? 


THE  CRASH  OF  THE  GOLD  COMBINE.  59 


THE  MECHANISM  OF  SPOLIATION. 

Suppose  the  debts,  public  and  private,  of  this  world 
amount  to  sixty  billion  dollars  (|60,000,000,000).  Sup- 
pose this  debt  draws  interest  at  the  average  rate  of  3  1-3 
per  cent,  then  the  interest  for  one  year  would  be  two 
billion  dollars  (|2,000,000,000).  Now  suppose  the  annual 
product  of  the  mines  of  this  world  be  two  hundred  million 
dollars  (|200,000,000),  the  annual  production  does  not 
amount  to  anything  like  that,  and  no  account  is  here 
taken  of  the  abrasion  of  coins,  the  wearing  away  in  the 
arts,  or  any  other  diminution  of  the  stock,  not  one  ounce 
of  which  loss  is  sustained  by  the  holders  of  gold  obliga- 
tions. Now,  we  have  an  annual  deficit  of  |1,800,000,000 
(eighteen  hundred  million  dollars),  with  no  way  to  make  it 
up,  for  all  of  the  gold  in  the  world,  outside  of  the  annual 
product,  coming  out  of  the  mines,  through  the  operation 
of  this  same  law  of  interest  is  practically  in  the  hands 
of  this  same  gold  interest  or  monopoly.  The  capital  of 
the  world  is  Labor.    The  interest  of  the  world  is  robbery. 

The  African  gold  mines  are  failing,  and  although  the 
annual  production  is  being  sustained  it  is  because  of  an 
immensely  increased  number  of  miners. 

Suppose  the  share  of  the  U.  S.  in  this  indebtedness 
amounts  to  one-sixth  of  the  whole,  it  probably  amounts 
to  more,  but  we  put  it  at  ten  billion  dollars. 

Certain  conservative  estimates  of  the  U.  S.  Government 
have  put  it  at  from  fifteen  to  eighteen  billion  dollars,  and 
ultra  bimetallic  men,  for  instance  Mr.  W.  H.  Harvey,  at 
140,000,000,000  (forty  billion  dollars).  The  above  suppo- 
sition of  ten  billions  is  probably,  then,  far  under  the  truth. 
Now  then,  the  share  of  the  United  States  in  this  deficit 
would  amount  annually  to  three  hundred  million  dollars, 


60  THE  CRASH  OF  THE  GOLD  COMBINE. 

but  as  our  annual  interest  is  nearer  7  per  cent  than  it  is 
3  1-3,  and  as  the  estimate  of  indebtedness  is  so  exceedingly 
low,  we  call  it  just  |600,000,000.  That  is,  the  United 
States  is  short  annually  six  hundred  million  dollars,  to  be 
furnished  annually  by  industry  for  the  benefit  of  the  Gold 
Combine. 

It  has  to  pay  over  thi»  value  or  the  value  of  this  q[uan- 
tity  of  gold  to  the  Gold  Combine. 

It  amounts  to  a  sort  of  confiscation.  It  is,  in  fact,  a 
legal,  -silent  confiscation.  This  money  monopoly  gets  this 
property,  this  result  of  the  labor  of  the  brain  and  brawn, 
at  the  very  lowest  price,  in  fact  at  its  own  price. 

This  operation  goes  on  continually,  and  all  the  good 
things  are  thrown  into  the  maw  of  this  pampered  monster, 
the  Gold  Interest. 

It  is,  in  effect,  a  broad,  endless  belt  carrying  the  wealth 
of  nations  into  the  camp  of  the  Golden  Tiger.  The  game 
has  its  governmental  license,  its  steerers,  its  cappers  and 
its  cads. 

Industry  sustains  all  this  machinery  of  confiscation  and 
allows  it  to  go  on,  but  she  now  screams  in  pain  and  her 
blood  cries  to  Heaven. 

This  costs  the  hard  labor,  genius  and  industry  of  enter- 
prising and  useful  mankind,  and  the  most  of  it,  as  it  were, 
is  thrown  into  a  great  fire  and  utterly  consumed. 

It  is  like  a  great  wound  in  the  side  of  Industry,  from 
which  her  blood  rushes  in  torrents. 

It  is  our  purpose  to  stanch  this  useless  waste  of  human 
power. 

The  amount  of  power  thus  annually  wasted,  misapplied, 
or  stolen,  must  of  necessity  increase  if  the  present  policy 
of  special  favoritism  of  gold  be  maintained. 

The  obligation  of  government  to  the  gold  interest  is 
no  more  than  the  delivery  of  the  gold  goods. 


tTHE  CRASH  OF  THE  GOLD  COMBINE.  61 

It  is  no  part  of  the  business  of  government  to  make  the 
delivery  of  gold  goods  more  burdensome  to  the  industry 
of  the  country. 

Government  never  pays  debts. 

The  industry  of  the  country  sweats  them  out.  They  are 
washed  out  in  the  blood  of  the  Son  of  Man,  the  Wealth  of 
the  Nation. 

Our  government  and  others  persist  in  making  gold  more 
'diflScult  of  acquisition.  They  care  not  for  the  vast  amount 
of  energy  drawn  from  the  brow  and  sweated  from  the 
back  of  Labor  except  to  see  that  it  be  given  to  the  Gold 
Monopoly? 

Under  this  system  the  Wealth  of  the  Nation  is  being  all 
but  crucified.  The  industry  of  the  world  is  thus  enslaved 
to  the  Gold  Combine. 

Its  blood  is  offered  up  as  a  sacrifice  to  this  horrid 
Moloch. 

This  blood  cries  to  Heaven,  and  it  is  the  purpose  of  the 
author  to  break  the  Gold  Combine,  and  in  this  effort  he 
will  yet  be  successful. 

Under  such  a  dreadful  system  the  laborer  can  never  get 
the  hire  of  which  he  is  worthy. 

Let  statisticians  furnish  the.  figures  and  political  econ- 
omists expand,  finish  and  explain  the  problem. 

A  world  or  a  nation  cannot  be  called  progressive,  just 
or  intelligent  while  it  upholds  this  great  mistake,  not  to 
isay  iniquity  of  a  specially  protected  money. 

Every  honorable  man  should  make  war  against  it. 

Workingmen,  throw  other  questions  to  the  dogs  till  this 
one  be  settled.  No  straddling,  no  beating  the  devil 
around  a  bush,  one  question  at  a  time. 

Strike  boys,  strike,  but  strike  at  the  heart  of  the  Gold 
Combine. 

It  is  not  the  corporations  and  the  railroads  that  are 


62  THE  CRASH  OF  THE  GOLD  COMBINE. 

eating  up  the  farmer.  It  is  the  Gold  Combine  that  is 
eating  all  up.  Peace  hath  her  victories  no  less  renowned 
than  war.  The  devil  hath  his  victories.  And  Uncle  Sam 
is  the  "middleman"  who  passes  jour  wealth  over  to  fatten 
the  Golden  Calf. 

Let  the  next  campaign  cry  be,  "Anything  to  beat  gold.'' 

Line  up  at  once  all  you  workingmen  and  vote  solid 
against  the  Gold  Combine.  I  can  whip  their  red,  white 
and  blue  orators,  who  are  a  set  of  mountebanks  that 
preach  patriotism  to  cloak  thievery. 

Their  theories  are  humbug,  and  when  it  comes  to  argu- 
ment they  have  not  a  leg  to  stand  on. 

Their  single  standard  economists  are  not  worth  a  nickel 
a  bunch. 

In  the  above  problem  we  have  not  said  a  word  about 
the  principal,  and  these  debts  are  to  be  paid  principal  and 
interest. 

The  principal  of  this  world  is  labor,  the  interest  robbery, 
at  least  under  the  gold  bug  system.  The  theory  of  gold 
monometallism  is  sustained  on  the  principle  of  thievery. 

In  their  so-called  arguments  there  is  not  the  least 
consistence. 

You  will  find  in  this  gold  standard  propaganda  that 
sauce  for  the  goose  is  not  proper  sauce  for  the  gander. 

It  is  now  an  inspiring  spectacle  to  these  U.  S.  to  see 
their  government  cringing  with  trembling  knees  and  sup- 
plicating hands  before  half  a  dozen  big  bunco  financiers 
of  haughty  finance,  and  to  think  that  at  the  same  time  it 
persists  in  extending  this  robber's  license  to  a  specially 
privileged  gold  money. 

Of  course  it  is  self-denial  that  put  these  sharps  where 
they  are,  and  it  was  extravagance  that  brought  the  people 
down. 

Such  is  the  teaching  of  gold  bug  Political  Economy. 


THE  CRA«H  or  THE  GOLD  COMBINE.  G3 

Suck  is  the  doctrine  promulgated  in  many  colleges. 

Here  we  will  take  occasion  to  say  that  we  believe  Mr. 
Carlisle  and  Cleveland  to  be  honest  men,  who  look  with 
horror  upon  repudiation. 

Mr.  Carlisle  was  honest  enough  to  have  his  shameful 
contract  with  the  gold  gang  written  and  published.  Let 
this  be  said  to  his  honor.  Previous  secretaries  have  not 
done  as  much. 

Our  plan  is  not  one  of  repudiation.  It  proposes  to  de- 
liver the  goods  contracted  to  be  delivered  and  it  proposes 
to  get  it  cheap. 

The  Belmont,  Drexel,  Morgan,  Eothschilds  syndicate, 
having  but  recently  acquired  this  country,  are  disposed  to 
be  lenient.  Not  because  these  gentlemen  know  any 
mercy,  but  because,  thanks  to  the  western  silver  miner, 
they  are  not  so  sure  of  their  acquest.  If  they  were,  our 
magazines  would  not  be  filled  with  gold  bug  articles  on 
the  "Bond  Syndicate,  Its  Excellent  Work."  It  is  excel- 
lent, of  the  sort. 

Hold  the  fort,  boys.  Silver  will  make  a  much  better 
money  than  gold.  The  farmers  were  right  in  76,  and  they 
will  be  right  in  '96.  The  cry  then  was  "down  with  the 
king's  despotism."  It  will  be  the  same  cry  in  '96.  This 
is  only  a  Valley  Forge.  A  few  or  a  few  million  more  or 
less  bloody  tracks  in  the  snow  will  not  count  for  so  much 
in  the  vast  waste  of  time,  but  they  will  count  for  millions 
each  in  the  future  happiness  and  prosperity  of  the  nation 
and  the  world,  for  freedom  is  catching. 

But  look  at  England;  look  at  our  good  friend  the 
British  workingman.  Let  him  swig  stout  and  stoutly 
sing  "Britannia  Kules  the  Waves"  till  the  rafters  ring, 
but  let  him  draw  it  very,  very  mild  when  it  comes  to 
"Britons  never,  never  will  be  slaves." 

•The  bound  lion  lays  supine  before  the  Gold  Monopoly. 


Gl  THE  CRASH  OF  THE  GOLD  COMBINfi. 

He  has  been  there  so  long  that  he  licks  tlie  hands  of  his 
captors.  Don't  forget,  however,  that  there  is  an  anti-gold 
monopoly  party  in  England.    It  lacks  much  of  being  weak. 

If  we  succeed  here,  a  little  "Campaign  of  Education" 
there  and  the  gold  monopoly  will  be  kicked  from  the 
"Eight  little,  tight  little  island"  into  the  sea. 

Is  it  a  thought  to  swell  the  heart  of  the  patriotic  Briton 
that  his  pliant  government  will  allow  in  her  domain  no 
money  but  gold  money  and  that  but  to  increase  the  bur- 
den on  the  back  of  the  British  workingman? 

He  is  the  man  on  British  soil  from  whose  ankles  the 
shackles  never  fall. 

If  John  Bull  would  allow  a  silver  money  the  British 
workingman  would  pay  his  debt  so  fast  that  the  world 
would  be  astounded. 

In  short  order  he  would  roll  the  tide  of  Russian  ad- 
vance back  of  the  Caspian  and  the  Caucasus. 

The  Irish  peasantry  alone  could  clear  Asia  of  the  do- 
minion of  the  Russian  bear. 

Englishmen  tamely  look  on  and  see  their  government 
the  ready  tool  of  wholesale  thievery.  Nor  are  speakers 
of  English  alone.  French,  German,  Russian  and  other 
blood  is  by  the  same  rule  wasted  in  torrents,  spouted  in 
floods.  In  the  above  problem  we  have  not  said  a  word 
about  hard  times,  though  anybody  after  considering  the 
problem  would  naturally  suppose  that  we  would  have 
them.    We  have  them  and  so  has  the  rest  of  the  world. 

The  Crash  of  the  Gold  Combine  must  not  be  delayed. 

There  is  but  one  remedy  under  this  system  of  special 
privilege  to  gold  and  it  is  hardly  to  be  called  a  remedy. 
It  is  Universal  Repudiation. 

There  is  another  remedy  under  another  system  and  that 
means  Cheap  Gold, 


^HE  CRASH  OF  THE  GOLD  COMBINE.  65 

It  is :  First,  the  coinage  of  all  metals  by  government  at 
a  charge  that  will  repay  the  cost. 

Second,  the  adoption  of  sensible  and  logical  weights  as 
account  units. 

Third,  the  abandonment  by  government  of  any  interven- 
tion by  law  into  the  matter  as  to  what  commodity  people 
may  please  to  select'as  their  money,  for  that  is  a  matter 
that  will  -settle  itself  by  natural  selection  or  the  untram- 
meled  law  of  trade. 

The  government  should  pay  its  debts  in  whatever  it 
agreed  to  pay  them  and  comply  with  its  contracts  in  an 
honorable,  sensible  manner,  and  retire  from  the  business 
of  intermeddling  with  the  use  or  price  of  gold  or  any  other 
metal. 

We  do  not  need  a  specially  privileged  money  any  more 
than  we  need  a  specially  privileged  creed. 

The  cool  effrontery  of  certain  gold  monomonetic  politi- 
cal economists  is  something  astounding,  but  all  in  line 
with  their  customary  brazen  impudence,  or  let  us  be 
charitable  and  attribute  it  to  the  arrogance  of  ignorance. 
Among  these  are  some  of  the  foremost  advocates  of  mon- 
key mundane  monetism. 

These  men  say  that  gold  debts  are  paid  witK  other 
goods. 

I  suppose  they  mean  that  other  goods  may  be  exchanged 
for  gold  and  this  gold  be  used  to  pay  a  gold  debt  with. 
This  is  not  the  same  thing  by  any  means. 

Contracts  for  gold  delivery  are  complied  with  by  the 
delivery  of  gold.  They  may  mean  that  the  owner  of  a  gold 
debt  may  take  something  else  and  release  the  man 
owing  it. 

This  he  may  do  at  his  option,  and  such  may  be  said  in 
the  case  of  contracts  for  the  delivery  of  any  other  goods. 


66  THE  CRASH  OF  THE  GOLD  COMBINE!. 

Here  is  wliere  the  squeeze  of  "liquidation"  comes  in. 

The  holder  of  a  gold  debt  has  a  right  to  demand  gold. 

The  ower  of  a  gold  debt  has  not  the  right  to  pay  in  any- 
thing else. 

Contracts  for  the  delivery  of  gold  are  complied  with 
by  the  delivery  of  gold. 

These  gentlemen  cannot  turn  any  other  commodity  into 
gold. 

If  they  can,  let  us  see  this  philosopher's  stone. 

If  they  had  said  that  all  debts  are  paid  in  vital  energy 
^e  could  not  have  made  this  point. 

The  sin  of  debt  is  washed  out  in  blood. 

Taxes  are  a  contribution  from  the  vital  energy  of  the 
nation,  and  are  to  a  great  extent  used  for  the  purpose  of 
paying  interest  on  public  debt. 

A  gold  debt,  or  contract,  for  the  delivery  of  a  million 
'dollars  can  never  rise  above  the  obligation  to  deliver  a 
million  dollars. 

But  the  production  of  that  million  may  cost  industry  ten 
times  as  much  vital  energy  in  one  case  as  in  another. 

!We  do  not  want  to  intensify  the  purchasing  power  of 
gold. 

We  want  more  gold  for  the  labor  performed.  We  want 
cheap  gold. 

We  want  good  gold  cheap. 

It  is  heavy.  Nobody  eats  it,  and  there  will  be  no  trouble 
about  its  falling  power  when  once  we  get  it  started.  Use 
another  money. 

Cut  off  the  current  that  connects  gold  with  the  heart  of 
man  and  down  it  will  go. 

Kick  out  the  bedizened  bastard  and  let  the  true  heir 
come  to  his  own. 


•^s>ir 


68  THE  CRASH  OF  THE  GOLD  COMBINE. 


A  WORLD'S  EXAMPLE. 

We  propose  to  show  you  somethiug  about  this  popular 
gold  craze,  this  gold  heresy  before  we  get  through. 

See  how  it  has  paralyzed  Australia  and  the  Great  Amer- 
ican Republic. 

See  how  it  has  ruined  the  great  Argentine  Republic. 

See  how  it  has  oppressed  India,  saddled  a  gold  debt 
upon  a  silver-using  country,  demonetized  her  silver  and 
disowned  it,  all  for  the  ^^benefit  of  trade,"  for  the  benefit 
of  gold  bug  thievery,  for  the  benefit  of  their  trade  of 
colossal  legal  stealing. 

They  have  brought  her  into  deeper  poverty  and  woe  in 
spite  of  improved  methods  and  machinery. 

Shall  such  benefits  inure  only  to  the  fattening  of  the 
Golden  Calf,  or  shall  they  fall  upon  the  earth  like  the 
gentle  rain  from  Heaven? 

Do  you  want  our  country  to  become  like  Egypt,  with  a 
bonded  indebtedness  of  |509,000,000?  Egypt  has  an  agri- 
cultural population  of  7,000,000  (seven  million  people); 
where  labor  is  worth  from  15  to  20  cents  a  day;  9,000 
(nine  thousand)  square  miles  of  tillable  soil,  an  area  a  trifle 
less  than  ]S\  H.  or  Vt. 

There  is  no  jugglery  about  these  figures.  They  come 
from  an  article  called  "Contemporary  Egypt,"  in  the  July, 
'95,  X.  A.  Review,  by  Frederic  C.  Penfield,  U.  S.  Diplomatic 
Agent  and  Consul  General  to  Egypt. 

Some  of  these  people  pay  a  land  tax  of  |8.20  per  acre, 
and  the  average  is  |4.5G  per  acre. 

Now  that  is  the  road  we  are  on  under  this  accursed 
system  of  monogoldism. 

Something  like  this  is  where  we  are  bound  to  under  this 
system  of  gold  monkeyism. 

Of  '>'^'\rse  they  are  pract?^*^^'^  '^'^"^aved  forever*    Theyj 


THE  CRASH  OF  THE  GOLD  COMBINE.       (iO 

are  kept  on  the  verge  of  subsistence  by  tbis  benign  con- 
spiracy. 

Do  you  like  it? 

Prior  to  the  canal  concession  Egypt  owed  no  debt.  The 
canal  was  opened  in  1869. 

How  is  that  for  high? 

There  was  no  silver  craze,  no  silver  heresy  in  Egypt. 
The  people  there  dare  not  say  boo  to  a-  goose. 

The  poor  FellaJis  have  been  dragooned  into  humble  ser- 
vitude by  tyranny  too  long  for  that. 

They  have  roped  the  poor  Fellahin  whenever  they 
pleased  too  long  for  that. 

Like  the  humble  Ryot  of  India  he  is  too  weak,  ignorant 
and  subservient  to  kick  up  a  riot. 

That's  where  you  will  be,  you  gold  theory  sucker,  if  we 
keep  for  many  years  in  the  rut  this  golden  car  of  Jugger- 
naut is  making. 

Egypt  is  too  weak  and  ignorant  to  get  out  of  this  muddle. 

Are  you  weak  and  ignorant?  If  not,  vote  against  the 
gold  monometallists  first,  last,  and  all  the  time. 

Anything  is  better  than  the  present  system. 

Repudiation  is  better. 

Sixteen  to  one  bimetallism  is  better. 

Silver  protected  monometallism  is  better.  But  silver 
needs  no  protection.    All  she  wants  is  a  fair  ohance. 

Silver  is  the  best  conductor  of  electricity  known,  and 
under  just  conditions  would  be  the  best  conductor  of  vital 
energy  known. 

She  is  not  the  Universal  Money  to-day,  simply  because 
she  is  a  legislative  outcast  Christ,  Galileo,  Samuel 
Adams  and  John  Hancock  were  legislative  outcasts. 

The  plan  we  propose  is  just  to  all.  It  is  simple,  logical, 
sensible,  practical,  plain  and  honest. 

It  is  free  monetism,  or  a  free  selection  of  money,  or  the 


70  THE  CRASH  OF  THE  GOLD  COMBINE. 


SALARIES. 

Salaries  and  wages  are  the  same.  Tihey  are  pay  for 
personal  services. 

Very  few  of  these  contracts  last  for  more  than  a  year, 
and  nearly  all  are  subject  to  change  at  the  end  of  every 
month. 

Salaries  are  contracts  made  in  open  market,  where  the 
seller  of  labor  gets  as  much  as  he  can  and  the  buyer  gets  it 
as  cheap  as  he  can.  If  gold  goes  down  in  purchasing 
power  the  tendencies  are  for  salaries  to  go  up  as  paid  in 
gold,  that  is,  gold  buys  less  labor;  this  has  always  made 
good  times,  and  explains  the  prosperity  brought  about  by 
large  discoveries  of  gold  in  the  mines. 

The  political  economist  who  says  it  is  all  the  same, 
whether  a  laborer  gets  |2  or  |1  per  day,  given  that  all 
prices  as  reckoned  in  gold  are  just  double  in  the  first  case 
what  they  are  in  the  second,  is  not^  fit  to  teach  political 
economy  in  a  crossroads  doggery.  It  would  then  be  as 
easy  to  pay  |2  debt  as  it  now  is  |1  and  the  burden  of 
indebtedness  would  be  one-half.  A  dollar  debt  does  not 
swell  above  a  dollar.  Anything  that  means  cheap  gold 
means  cheap  debts.  Mortgages  would  become  easy  to 
pay  and  hundreds  of  men  now  slaves  would  become  free. 

Railroads  would  be  freed,  freights  cheapened,  and 
stocks  would  go  up  with  a  boom. 

Thousands  of  men  if  they  ever  become  free  will  have  to 
thank  the  author  for  having  made  the  first  really  deadly 
assault  upon  their  captor,  for  having  delivered  the  stroke 
that  will  lead  to  the  severance  of  the  bands  of  their 
bondage. 

Everybody  knows  that  we  are  on  the  verge  of  a  tre- 
mendous electrical  revolution,  which  cannot  be  put  into 
opcrntion  bornn^o  of  thoso  immpusp  irold  dobts. 


THE  CRASH  OF  THE  GOLD  COMBINE.  71 

The  trouble  with  our  business  men  is  not  too  many; 
wheels  in  their  heads  but  that  they  have  not  enough. 

If  they  had,  they  would  never  think  of  supporting  the 
gold  gang. 

By  this  gold  gang  they  are  being  bankrupted. 

We  expect  at  the  next  elections  to  see  the  business  men 
voting  solid  against  the  gold  crowd.  Taxes  are  taken 
from  business  and  come  out  of  profits  and  salaries. 

Profits  are  the  business  man's  salary. 

Interest  is  taken  from  salaries. 

It  used  to  be  thought  by  some  that  a  workingman,  who 
owned  no  property,  should  not  vote,  because  he  paid  no 
taxes. 

It  just  exactly  happens  that  the  workingman  is  the  man 
who  does  pay  taxes. 

The  loafer  of  any  kind,  high  or  low,  pays  no  taxes. 

The  workingman  may  think  that  because  his  wool  grows 
no  longer  that  he  is  not  a  shorn  lamb.  It  grows  but  is 
kept  neatly  trimmed  next  the  skin  by  money  monopoly, 
which  tempers  no  wind. 

He  is  a  plucked  goose  that  doesn't  squawk,  or  at  leasif: 
did  not  formerly.  All  that  used  to  be  needed  to  quiet  him 
was  a  little  claptrap  pseudo-patriotic  gold  bug  oratory. 
Beloved  Chauncey,  this  has  played  out  some  time  Depuis 
(since). 

Apropos  of  salaries,  we  will  say  that  they  are  pay  for 
the  use  of  vital  energy.  We  will  also  say  that  nothing  is 
ever  sold,  that  is  made  solid,  but  labor  or  vital  energy. 
Other  things,  solid  things,  or  commodities,  are  exchanged 
at  a  trade  balance.  Language  curiously  bears  out  this 
true  conception.  Sell,  sale,  sold,  salt,  salary,  solidus  and 
solid  are  the  same  word.  In  very  old  times,  laborers  were 
paid  with  salt.  Salt  in  fact  was  used  as  money,  as  the 
conductor  or  carrier  of  nervous  energy  or  vital  power. 


n  whe  crash  of  the  gold  combine. 

A  man's  wages  was  not  something  to  buy  his  salt  with, 
but  was  in  fact  his  salt,  his  salary. 

A  long  time  after  the  truly  original  old  gold  was  found 
by  a  man  monkey  in  the  bed  of  a  stream,  and  when  men 
were  advanced  enough  to  make  copper  and  tin  and  to  mix 
them  into  bronze,  a  man  was  paid,  especially  a  soldier, 
note  the  name,  he  came  from  the  common  herd,  he  does 
yet,  with  a  solidus,  a  coin  made  of  copper  and  tin.  This 
took  the  place  of  the  salt  salary. 

His  labor  was  made  solid  in,  was  sold  for  this  alloy, 
which  before  was  made  solid  with  salt,  was  preserved  or 
stored  in  salt. 

It  is  now  made  solid  in  the  U.  S.,  and  other  countries 
ruled  by  gold  bug  despotism,  in  an  alloy  of  gold  and 
copper.  This  is  very  ancient  history,  and  the  Saxon  salt 
and  sold  are  the  Latin  solid  and  solidus.  The  Saxon 
sell  and  sale  are  the  Latin  salis  as  well  as  salus.  Save, 
salve,  solution,  halo,  hale,  whole,  holy,  halidome,  health, 
and  a  thousand  other  words  you  might  never  dream  of,  in 
the  languages  ancient  and  modern  of  Europe  are  from  this 
wonderful  salt  record. 

The  halcyon  days  are  a  reminder  of  the  days  when  men 
made  salt  on  the  shore  and  lived  off  of  the  abundance  of 
the  seas,  while  traflS eking  with  the  people  of  the  interior. 
We  want  the  workingman,  every  useful  man,  to  get  these 
facts  solid  in  his  mind. 

He  is  the  solid  Muldoon. 

We  want  him  to  discover  at  last  that  he  is  the  Atlas  that 
holds  up  the  world. 

We  propose  to  form  him  into  a  solid  phalanx  at  the 
ballot  box  and  to  charge  the  Gold  Combine  from  Heaven 
to  Hell. 

The  expression  "not  worth  his  salt"  meant  not  worth  his 
salary,  and  is  almo.st  as  old  as  language  itself. 


THE  CRASH  OF  THE  GOLD  COMBINE.       73 

It  was  used  before  the  time  of  the  cave  man. 

The  cave  woman  was  a  dandy  beauty,  with  a  skin  about 
her  loins,  the  mother  of  our  modern  dress  skirt. 

The  modern  trade  baby,  though  bigger,  is  in  a  worse 
swaddle  than  it  was  then. 

The  "Salt  of  the  Earth"  by  a  figure  of  speech  was  the 
laborer,  the  workingman,  the  useful  man,  the  man  we  are 
trying  to  convince  of  the  iniquity  of  that  old  fraud  and 
destroyer  of  nations  and  of  men,  the  money  monopoly. 

It  means  the  monopoly  of  the  services  of  the  "Salt  of  the 
Earth,'^  of  the  "Son  of  Man,"  of  the  "Wealth  of  Nations." 

"Ye  are  the  salt  of  the  earth,  but  if  the  salt  have  lost  his 
savor,  wherewith  shall  it  be  salted?" 

If  you  become  ignorant,  brutal,  false,  cruel  and  de- 
graded, what  hope  is  there  for  you  ? 

The  Kingdom  of  God  is  sown  in  peace  of  them  that  make 
peace. 

Because  vital  energy  is  sold  is  no  reason  why  the  worker 
should  be  sold,  which  he  certainly  is,  and  always  will  be, 
if  he  does  not  by  his  vote  put  a  veto  on  this  public  robberj^ 
of  private  power. 

yote  against  the  money  monopoly. 

vWhip  out  the  Gold  Gang.    Drive  them  from  the  temple. 


FORCE  AND  POWER. 

We  cannot  go  into  this  subject  further  than  to  beg  of 
the  reader  to  disassociate  the  idea  of  force  or  power  from 
that  of  material  things. 

An  iron  bar  breaks  under  a  heavy  stone. 

The  weight  of  the  stone  overcomes  the  cohesion  uj  mv 


74       THE  CRASH  OF  THE  GOLD  COMBINE. 

iron.  The  force  of  the  attraction  between  the  stone  and 
the  earth  parts  the  particles  from  each  other.  The  weight 
of  the  stone  overcomes  the  cohesion  between  the  particles 
of  iron.  The  one  force  at  that  point  is  superior  to  the 
other. 

The  sun  pulls  the  earth  surely,  powerfully,  but  with  no 
material  chain. 

The  forces  of  the  unknown  God  are  all  silent,  invisible, 
unerring,  but  none  the  less  powerful.  A  bolt  of  nothing 
from  the  sky  with  ethereal  fingers  tears  the  tall  pine  into 
splinters.  We  believe  the  bolt  started  from  the  pine  tree, 
for  if  electricity  moves  faster  than  light  its  movement 
would  seem  to  be  reversed,  it  would  seem  to  turn  time 
backward  in  its  flight. 

The  blow  of  the  pugilist  is  more  a  stroke  of  the  mind 
than  of  the  arm. 

A  strong  arm  indicates  a  strong  brain.  If  it  be  true 
that  some  people  can  lift  a  table  by  simply  touching  it 
from  above  it  is  an  interesting,  a  startling  fact  in  the 
study  of  this  vital  force. 

This  the  author  has  never  seen.  Why  can  they  not  lift 
it  without  touching  it  at  all? 

We  see  a  wire  stretched  above  the  street  and  intense 
with  power,  which  with  the  simple  connection  of  the  trol- 
ley, etc.,  causes  heavily  laden  cars  to  move  rapidly. 

This  is  brought  about  by  the  desire  of  imprisoned  noth- 
ing to  escape.    It  is  the  ransom  he  pays  for  his  freedom. 

The  progress  of  civilization  is  simply  advance  in  the 
science  of  power.  The  power  for  the  car  was  taken  from 
the  dynamo  fed  by  the  expansion  of  steam,  or  usually 
run  by  a  steam  engine. 

The  intense  agitation  of  particles  of  burning  carbon  was 
transformed  into  electrical  intensity  and  set  to  work. 

A  dollar  will  bring  fruit  from  California  or  Italy  to 


THE  CRASH  OF  THE  GOLD  COMBINE.  75 

Tour  door.  It  cultivates,  gathers  and  carries  that  fruit  for 
you. 

It  represents  the  power  with  which  man  will  go  for  that 
dollar,  for  action  is  equal  to  reaction. 

This  power  was  taken  from  the  brain  and  sustained  by 
the  heartbeats  of  man's  great  engine. 

He  works  among  other  things  for  the  purpose  of  feed- 
ing his  boiler,  but  then  man  shall  not  live  by  bread  alone. 

This  money  question  which  has  puzzled  so  many  must 
be  settled  by  correct  theory. 

You  will  notice  that  the  so-called  practical  methods  for 
settling  the  question  are  either  unpractical  or  malprac- 
tical. 

They  always  mean  either  repudiation  or  robbery. 

Correct  theory,  correctly  applied,  is  always  correct  prac- 
tice. 

Disconnect  the  power  applied  through  the  steam  engine 
to  the  wire  and  the  car  will  not  run.  You  break  the  con- 
nection between  gold  and  the  heart  of  man  and  you  will 
soon  have  gold  almost  to  throw  at  the  dogs. 

It  is  almost  the  most  useless  metal  known.  A  little  of 
it  goes  a  long  ways  even  where  it  is  useful. 

Gold  as  things  are  now,  is  a  bad  conductor  of  human 
energy. 

There  is  too  much  resistance,  too  much  waste  of  power. 
It  is  not  economical.  It  is  to  the  interest  of  the  human 
race  to  discard  this  conductor  and  emplay  a  better  and 
less  wasteful  one. 

We  wish  to  impress  upon  your  mind  that  gravitation  is 
a  force,  that  the  purchasing  power  of  money  is  a  power 
and  of  the  nervous  power  of  man. 

The  current  of  nothing  in  an  electric  wire  is  a  power. 
It  can  be  proved  that  the  law  of  valuation  or  valitation 
and  the  law  of  gravitation  and  the  law  of  Ohm  are  of  the 
same, 


76  ITHB  CRASH  OF  THE  GOLD  COMBINE. 

But  here  it  would  be  well  enougli  to  remark  that  dis- 
tance has  nothing  to  do  with  the  true  law  of  gravitation, 
but  a  great  deal  to  do  with  the  ratio  of  the  dissemination 
of  the  gravic  force  through  space. 

The  gravic  force  maj  be  considered  as  situated  at  the 
center  of  a  sphere  of  attraction  or  gravic  influence,  like 
the  earth,  and  as  radiating  out  from  that  point  like  rays 
of  light. 

What  those  rays  do  not  hit,  they  do  not  pull  and  there 
is  no  gravic  shadow.  For  it  may  itself  be  called  shadow. 
Sop  that  in  with  your  gravy. 

All  natural  forces  or  powers  seem  to  be  correlated  and 
in  fact  seem  to  be  of  one.  All  scientists  have  been  struck 
with  amazement  as  they  came  up  against  this  irresistible, 
immovable,  ethereal  wall. 

Josiah  P.  Cooke,  a  very  devout  scientist,  has  even  ad- 
vanced the  idea  that  it  is  the  will  of  God. 

For  Thine  is  the  Kingdom  and  the  Power  and  the  Glory 
forever,  and  forgive  us  our  sins  as  we  forgive  every  one 
that  is  indebted  to  us. 

See  the  two  versions  of  the  Lord's  Prayer,  Matthew  and 
Luke,  6  and  11. 

The  power  of  Money  Monopoly  is  the  divine  force  made 
devilish.  It  is  the  keystone  of  the  devil's  arch.  It  is  the 
king  bolt  of  the  monopoly  wagon.  It  is  the  backbone  of 
the  all-hog  system.  Debt,  sin,  darkness  and  ignorance 
are  of  one. 

Mr.  Workingman,  we  wish  to  impress  it  upon  your  mind 
that  the  purchasing  power  of  money  is  as  much  a  power 
as  that  which  runs  along  the  electric  wire,  or  rather  fills 
it  with  power  or  intensity.  Moreover,  this  power  is  drawn 
from  your  dynamo,  or  brain,  and  sustained  by  your  engine, 
or  heart. 

.We  will  say  this  about  power: 

It  is  never  forced.  It  is  always  drawiL 


tttE  CRASH  OP  THE  GOLD  COMBINE.  11 

It  ever  goes  in  the  direction  of  least  resistance. 

The  wind  that  drives  a  windmill  is  sucked,  not  blown. 
Quit  being  a  sucker  for  gold  bug  theory,  or  it  will  blow 
you  into  poverty. 

In  Nature,  power  seems  to  be  the  search  for  an  equi- 
librium, or  a  rest  which  is  never  attained,  but  which  is 
always  maintained. 

This  seeming  paradox  is  utterly  true,  and  the  divine 
power  has  so  ordered  things  that  these  worlds  of  ours  may 
go  on  forever  and  ever,  and  motion,  not  rest,  is  the  law  of 
the  universe. 

The  suns  and  the  planets  revolve  and  traverse  the 
heavens  in  a  celestial  balance.  Nature  and  Nature's  God 
always  work  in  the  easiest  way. 

This  law  of  least  resistance  is  the  fundamental  law  of 
all  natural  science. 

The  vital  power,  or  rather  the  mind  of  man,  or  this  valic 
force,  is  distinct  from  other  forces  in  that  it  has  not  yet 
attained  its  destiny. 

It  is  expanding. 

It  is  independent  of  the  others. 

It  seems  to  be  drawn  directly  from  the  eternal  fount,  to 
be  a  glint  of  that  celestial  light  or  power  that  formed 
these  "worlds  on  worlds  in  phalanx  deep,  as  well  as  the 
daisy  fresh  from  winter's  sleep." 

In  the  beginning  of  this  study  it  seems  to  us  as  if  it  did 
directly  countervail  the  gravic  force,  and  was  destined 
to  have  dominion  over  all  other  forces.  The  words  power 
and  force  are  used  almost  interchangeably.  It  were  bet- 
ter to  call  the  steady  forces  of  Nature  forces,  and  those 
where  any  personality  intervenes,  powers.  Among  men 
applied  forces  are  powers. 

They  come  directly  or  indirectly  from  the  brain  of 
man.   They  may  be  called  diverted  forces. 


78  TTHE  CRASH  OP  THE  GOLD  COMBINE. 

The  power  of  money  monopoly  may  be  called  a  pervert- 
ed force. 

It  is  the  vital  energy  of  man  misapplied. 

It  is  the  wholesale  robbery  and  waste  of  the  vital 
energy  of  man.  The  force  of  steam  expansion.  The  force 
of  water  falling  which  is  of  the  force  of  gravitation. 

The  power  of  a  water-wheel.  The  power  of  a  work- 
horse. The  purchasing  power  of  gold  or  of  Sam^s  9-10 
alloy  thereof. 

The  power  of  the  mind  of  the  infinite,  the  author  of  the 
forces  of  nature. 

When  Chicago  went  up  in  flames,  there  was  no  loss  of 
gold  dollars. 

The  loss  was  of  the  vital  energy  of  man. 

This  energy  is  measured  in  dollars,  and  the  loss  was 
said  to  be  so  many  millions. 

A  loss  equivalent  to  so  many  times  the  vital  energy 
which  may  be  said  to  be  contained  in  a  dollar. 

It  was  vital  energy  of  the  genuine  sort  that  went  up  in 
the  smoke  of  the  Prairie  Belle. 

Besides  the  dead  timbers  there  was  one  who  saw  his 
duty  a  dead  sure  thing.  He  was  a  workingman.  He  went 
for  it  then  and  there,  and  Christ  is  hot  going  to  be  hard 
on  men  who  died  in  saving  men. 

His  sacrifice  was  sacrament,  a  libation  of  the  genuine 
juice.    It  found  favor. 

The  body  of  Christ  was  the  earth.   His  blood  was  power. 

By  these  are  we  nourished. 

The  wine  refers  to  the  spiritual  nature  of  man,  to  the 
vital  spark. 

The  flourishing  vine  was  an  emblem  of  prosperity. 

To  the  mind  of  man  must  we  look  for  power,  happiness, 
wealth  or  prosperity. 

We  can  never  have  it  under  the  system  of  colossal  rob- 


THE  CRASH  OF  THE  GOLD  COMBINE.  79 

bery  and  waste  of  vital  energy  known  as  Gold  Monometal- 
lism. 

The  amount  of  vital  energy  or  nervous  power  annually 
stolen  and  wasted  under  this  system  would  build  complete 
many  cities  like  Chicago. 

Vital  energy  is  the  only  thing  that  can  be  taxed,  and  this 
is  the  single  tax  paid  over  to  money  monopoly. 

The  single  tax  is  paid  over  to  the  wrong  man. 

This  is  the  rental  that  Industry  under  this  system  pays 
over  to  Arrogance  and  Profligacy  or  Despotism  for  the 
privilege  of  living  on  this  earth. 

A  gold  dollar  is  the  counter  for  its  own  vital  power  or 
nervous  energy,  or  rather  for  so  much  of  the  nervous 
power  of  man. 

It  gets  its  great  intensity  from  the  fact  that  labor  is  paid 
in  it,  or  that  labor  is  sold  for  it  or  by  it.  It  comes  from 
the  brain  of  man. 

It  is  an  emanation  from  the  vital  spark  of  man.  This 
high  intensity  is  energy  misdirected  or  perverted  by  the 
operation  of  monogoldism.  Its  continuance  by  govern- 
ment is  fraud  and  folly. 

The  theory  is  the  theory  of  thievery. 

Because  it  is  old  is  no  argument  that  it  is  not  rotten. 

Vote  against  it. 


THE  VITAL  FORCE  OR  POWER  OR  VALIO  FORCE. 

This  power  we  bring,  we  think,  for  the  first  time  to  the 
strictly  scientific  attention  of  Political  Economists. 

The  science  of  Political  Economy  has  directly  to  deal 
with  this  force.  Its  rules  are  as  discoverable  as  are  those 
of  the  electric  force. 


80  THE  CRASH  OP  THE  GOLD  COMBINE. 

The  fundamental  rule  is  the  same  as  the  law  of  Ohm,  or 
inversely  the  same  as  the  Newtonian  law  of  gravitation. 
It  is  this.  The  vital  force  is  inversely  proportioned  to 
weight.  This  is  true  also  in  exchange.  What  is  commonly 
called  value  is  the  vital  or  valio  force  of  man. 

It  is  also  called  purchasing  power. 

Newton  caught  this  idea  when  he  said  that  gravity  or 
the  gravic  force  is  directly  proportioned  to  mass. 

It  is  not  mass,  but  is  directly  proportioned  to  mass. 
Now  value,  or  vality,  or  the  valic  force,  or  the  vital  power 
of  man,  is  inversely  proportioned  to  mass. 

It  follows  then  in  trade  that  the  valic  force  or  value  is 
inversely  proportioned  to  weight  or  the  gravic  force. 

It  follows  then  that  all  the  rules  of  the  balance  are  ap- 
plicable to  the  valio  force.  The  purchasing  power  of 
money  or  of  anything  else  is  the  vital  force  of  man,  or 
what  we  have  termed  the  vitalio  or  valic  force. 

We  can  only  speak  here  of  subjects  exchanged  by 
weight.    We  can  here  only  indicate,  not  develop  our  idea. 

We  leave  its  full  development  to  better  brains  than  ours. 

For  from  here  in  beauteous  perfection  springs  the  sci- 
ence of  Political  Economy. 

We  are  content  with  having  turned  the  whole  subject 
over  to  the  province  of  demonstrable  science,  and  herein 
the  physical  philosopher  may  work  in  conjunction  with 
the  Political  Economist. 

Political  Economy,  like  all  other  sciences,  is  a  moral, 
progressive  and  relative  science. 

It  is  of  the  great  moral  science  and  may  be  brought  to 
absolute  perfection. 

Suppose  in  trade  that  two  subjects  be  exchanged  by 
weight  for  each  other.  It  follows  that  though  the  weights 
be  different  that  the  purchasing  power  or  vital  force  ex- 
changed may  be  considered  as  the  same. 


THE  CRASH  OF  THE  GOLD  COMBINE.  Si 

They  are  of  equal  value.  Now  this  means  that  this  valic 
force  was  more  intense  in  the  one  than  in  the  other.  Its 
relative  purchasing  power  was  greater  or  stronger.  This 
relative  purchasing  power  we  shall  call  valence  from  a 
participle  of  the  Latin  valere,  to  be  strong.  The  word  is 
no  invention  of  ours.  It  is  one  of  the  English  language 
to-day.  Suppose  you  take  a  weighed  lot  of  wheat  and 
exchange  it  for  a  weighed  lot  of  potatoes.  Now  the  pur- 
chasing power  of  the  lot  of  wheat  is  equal  to  the  purchas- 
ing power  of  the  lot  of  potatoes.  Now  potatoes  are  usual- 
ly cheaper  than  wheat.  If  you  divide  the  weight  of  the 
lot  of  potatoes  by  the  weight  of  the  lot  of  wheat  you 
will  get  the  relative  purchasing  power  of  wheat  as  com- 
pared withi  the  purchasing  power  of  potatoes. 

This  is  the  valence  of  wheat  as  compared  with  the 
valence  of  potatoes.  The  valence  of  potatoes  is  here  taken 
as  unity. 

Also  if  you  put  the  potatoes  on  a  balance  or  bar  poised 
at  the  center,  at  the  distance  one  from  the  fulcrum,  it 
will  be  balanced  by  tlie  wheat  on  the  other  side  at  the 
distance  indicating  the  valence  or  relative  purchasing 
power  or  relative  value. 

This  is  true  of  every  possible  trade  by  weight. 

This  is  true  in  the  exchange  of  gold  money  for  any  other 
commodity. 

But  in  these  United  States  accounts  are  reckoned  on 
one  side  in  gold  money.  It  follows  that  gold  money  is 
our  standard  of  relative  value.  It  is  our  standard  of 
valence. 

It  is  by  law  made  to  be  our  standard  of  valence  or  rela- 
tive value.    This  is  what  we  wished  to  show. 

Gold  money,  therefore,  or  the  minted  gold  specie  of  the 
U.  S.J  is  our  standard  of  relative  value. 


82  THE  CRASH  OF  THE  GOLD  COMBINE. 

As  a  matter  of  fact  and  strictly  speaking,  the  valence  of 
gold  money  is  our  standard  of  relative  value. 

Now  tlie  valence  of  gold  money  is  taken  as  unity,  and 
the  valence  of  all  other  commodities  is  compared  to  it. 

As  an  example  and  apropos  of  this  and  to  illustrate,  we 
will  say  that  the  relative  weight  of  water  is  taken  as  unity 
and  this  relative  weight  of  other  materials  is  compared 
to  it  and  called  their  specific  gravity,  or  density,  or  rela- 
tive gravity. 

This  valence  of  gold  is  a  very  treacherous  one  and  con- 
stantly fluctuating  in  a  most  exasperating  manner,  for 
gold  is  a  cornered  commodity. 

The  "fixity  of  value"  theory,  though  true  in  instinct, 
is  not  true  as  regards  gold,  but  in  reality  when  properly 
understood  is  a  powerful  argument  against  that  insuffer- 
able curse  to  humanity,  known  as  the  single  gold  stand- 
ard. 

The  gold  of  England's  mint  is  her  standard  of  relative 
value. 

This  is  also,  as  in  the  U.  S.,  the  result  of  despotic  legis- 
lation. 

The  qualities  necessary  to  the  material  money  all  clus- 
ter about  the  words  accountability  and  value. 

But  as  any  thing  of  no  trade  value  is  not  worth  account- 
ing, it  follows  that  they  all  cluster  about  the  word  account- 
ability. 

It  also  follows  that  an  alloy  of  gold  and  copper  is  an 
unscientific  standard  of  valence  because  it  is  a  mixed  one, 
and  the  one  commodity  of  copper  may  be  varying  in  value 
independently  of  the  other  commodity,  gold. 

A  rise  in  the  price  of  a  commodity  means  that  its  pur- 
chasing power  is  intensifying. 

It  means  that  its  valence  is  becoming  greater* 

It  the  Political  Economist,  will  tako  a  balapced  ba4? 


THE  CRASH  OF  THE  GOLD  COMBINE.  83 

graduated  from  the  pivot  outward  and  not  forgetting 
that  he  is  dealing  with  this  force  will  look  up  the  theory 
of  the  balance  and  add  perhaps  a  few  problems  of  his  own 
he  can  deduce  unerringly  and  exactly  the  whole  theory 
and  all  the  laws  of  money,  value,  trade  and  prices,  and 
at  once  place  political  economy  in  the  roll  of  true  sciences. 

Bemember  that  every  trade  indicates  a  balance  of  this 
power.  This  balance  will  also  work  when  things  are  worth 
'less  than  nothing  or  have  a  minus  value. 

This  represents  labor  not  yet  performed  or  vital  force 
to  be  subtracted. 

:  The  weights,  then,  are  minus  weights.  They  pull  up 
like  balloons. 

I  owe  you  $50,  a  minus  value  to  me.  You  owe  me  |50, 
to  you  a  minus  value.  They  both  pull  up  with  the  game 
force  at  the  same  distance  from  the  pivot;  balance  each 
other  and  we  wipe  them  off  the  slate. 

One  may  have  a  minus  and  the  other  a  plus,  value,  they 
then  both  get  on  the  same  side  of  the  pivot. 

The  earth  to  be  removed  from  a  ditch  has  a  minus  value 
per  cubic  yard. 

You  have,  in  fact,  all  the  levers  or  purchasing  powers  of 
mechanics. 

Time  also  enters  in  the  pendulous  swaying  of  the  bal- 
ance, etc. 

One  arm  multiplied  by  its  weight  is  equal  to  the  other 
arm  multiplied  by  its  weight. 

We  always  trade  even. 

That  is  the  balance  of  trade. 

It  will  show  a  mixed  standard,  like  Sam's  alloy,  to  be 
unscientific. 

It  works  in  a  most  wonderful  way  and  shows  every 
theory  of  trade  in  a  wonderful  weigh. 


84  THE  CRASH  OF  THE  GOLD  COMBINE. 


PRICE. 

You  never  heard  one  price  without  hearing  two,  and 
the  one  was  the  price  of  the  other. 

You  never  heard  of  more  nor  less  at  one  time.  Prices 
come  to  you  by  pairs  in  succession.  We  are  going  to  deal 
with  things  exchanged  by  weight  as  the  other  cases  come 
by  easy  gradation  to  this  and  our  scope  is  immense  and 
space  limited. 

When  it  is  reflected  that  the  products  of  the  earth  are 
mostly  exchanged  by  weight  it  will  be  seen  that  we  have 
nearly  included  all  commerce. 

Account  prices  are  weights.  Every  item  in  an  account 
is  a  balance  in  trade.  A  closed  account  is  a  completed  list 
of  balances  in  trade. 

The  weight  of  any  item  in  an  account  divided  by  the 
weight  of  its  counterpoise  gives  what  is  usually  called  the 
relative  price,  we  prefer  to  call  it  the  relative  value  or  val- 
ence, for  we  wish  the  reader  to  distinguish  between  value 
or  purchasing  power  and  the  thing  valued  or  valed  or 
exchanged. 

We  prefer,  to  use  price  as  the  name  of  the  material,  or 
to  distinguish  the  material  itself. 

In  any  such  exchange  the  lighter  weight  one  will  be  the 
higher  priced  one,  will  have  the  greater  valence  or  rela- 
tive value. 

Values  then  vary  inversely  as  prices  or  weights. 

If  a  man  buys  a  bushel  of  wheat  for  a  dollar  from  an- 
other, they  are  both  buyers. 

TVIiere  then  is  your  rule  caveat  emptor,  let  the  buyer 
beware. 

As  they  are  both  buyer®  their  rights  are  equal  and 
should  by  law  be  so  treated. 


THE  CRASH  OP  THE  GOLD  COMBINE.  85 

This  is  only  another  instance  of  legal  favoritism  to  gold. 

There  is  no  reason  why  unsuspecting  farmers  should  be 
made  to  pay  notes  by  guilty  scoundrels  fraudulently  got- 
ten. This  is  only  another  instance  of  a  robber's  license 
to  gold. 

Because  a  gold  dollar  is  a  fixed  weight  our  gold  defend- 
ers think  it  has  a  fixed  value,  but  it  has  not. 

Moreover,  you  know  it  is  getting  too  high,  too  hard  to 
earn  a  dollar. 

Now  let  us  see  the  price  relationship  between  a  bushel 
of  wheat  and  a  gold  dollar. 

For  the  first  case  we  will  throw  the  copper  overboard 
and  call  a  dollar  23.22  grains  of  gold.  There  are  7,000 
grains  in  an  avoirdupois  pound,  which  is  the  weight  we 
usually  use  for  dealing  in  all  commodities  except  silver 
and  gold.  The  grains  troy  and  avoirdupois  are  the  same. 
Divide  7,000  by  23.22  and  we  get  301 1078-2322,  or  301  539- 
1161,  a  very  inconvenient  number,  which  is  the  number 
of  these  sort  of  dollars  of  pure  gold  to  the  pound  avoirdu- 
pois. 

Multiply  this  by  60  or  the  number  of  pounds  in  a  bushel 
and  we  have  18^087  993-1161,  which  is  the  relative  pur- 
chasing power  of  gold  as  compared  to  wheat  in  this  ex- 
change. Now  let  us  take  the  true  dollar  of  the  U.  S. 
Divide  7,000  by  25.8  and  we  have  271  82-258,  or  271  41-129 
of  Sam's  dollars  to  an  avoirdupois  pound  of  Sam's  alloy. 
Multiply  this  by  60  and  we  have  16,279  9-129.  That  is  one 
pound  of  U.  S.  gold  will  buy  16,279  9-129  pounds  of  U.  S. 
wheat  at  |1  per  bushel. 

It  will  also  balance  it  at  that  ratio  of  distance  on  a 
iscale  or  the  balanced  bar  which  we  mentioned. 

We  might  have  taken  any  other  weights  of  wheat  or 
gold  or  anything  else  and  shown  the  same  thing.  Our  sil- 
yer  men's  ratio  of  16  to  1  are  account  weights  in  the  forced 


86  THE  CRASH  OF  THE  GOLD  COMBINE. 

balance  they  wisli  to  establish.  Tliey  wish  Sam  to  put  his 
hand  on  this  trade  scale  or  to  make  up  the  difference  on 
either  side  in  case  they  do  not  naturally  balance. 

The  gold  men  want  the  earth,  and  they  have  it. 

Sixteen  to  1  means  that  the  valence  or  relative  value  of 
gold  to  silver  shall  be  as  16  to  1.  Space  is  limited,  we  will 
not  go  further  but  simply  announce  the  law. 

1st.    Account  prices  are  weights  in  a  trade  balance. 

2d.  Relative  prices,  or  rather  relative  values  vary  in- 
versely as  weights.  They  are  in  fact  the  inverse  expres- 
sion of  the  weights. 

This  law  is  the  same  as  the  law  of  Ohm  and  the  law 
of  gravitation. 

It  does  not  tell  what  these  forces  are,  but  simply  gives 
a  rule  of  their  action  and  also  indicates  that  for  every 
force  there  is  an  opposing  force. 

As  the  one  grows  greater  the  other  grows  less. 

For  every  plus  there  is  a  minus.  For  every  fear  there 
is  a  hope. 

The  law  of  duality  pervades  all  nature.  The  trinity 
must  be  the  father,  the  mother  and  the  child. 

Force  has  been  called  the  will  of  God,  if  so  the  high 
price  of  gold  is  of  the  will  of  'his  mistaken  image. 

In  the  case  of  Gold  Monomonetism  man  is  pulling  for 
poverty,  not  for  wealth,  and  under  such  a  system  progress 
must  always  be  the  Progress  of  Poverty. 

Stop  this  fraud  of  money  monopoly  and  he  will  pull  for 
blessings  that  will  drop  upon  the  earth  as  the  gentle  rain 
from  heaven. 

This  will  be  brought  about  by  absolute  freedom 
in  the  choice  of  money.  We  do  not  need  any  government- 
al force  law  in  this  case  any  more  than  we  do  in  the  mat- 
ter of  religion.  As  the  above  laws  are  true,  we  should  have 
a  system  of  money  and  coinage  or  weights  that  would 


THE  CRASH  OF  THE  GOLD  COMBINE.  87 

sliow  relatively  at  a  glance.  We  exchange  most  commodi- 
ties by  the  avoirdupois  system  of  weight. 

We  should  exchange  or  interchange  gold  and  silver  by 
the  same. 

It  is  not  common  sense  to  use  the  very  unique  weights 
of  metallic  alloys  which  governments  have  usually  adopt- 
ed as  account  units. 

It  is  not  liberty  to  command  that  any  metallic  alloy  or 
any  metal  shall  be  used  by  a  people  as  money  or  their 
standard  of  relative  value,  to  the  exclusion  of  all  other,  or 
as  the  only  storage  battery  for  their  nervous  power. 

Money  in  the  United  States  and  in  England  and  the 
world  generally  when  passed  from  hand  to  hand  is 
weighed  by  an  isolated  weight,  by  another  isolated  sys- 
tem when  brought  in  bulk  as  bullion,  and  then  compared 
.with  a  different  and  general  system  when  traded  for  other 
commodities. 

There  is  no  halo  about  gold  and  silver  that  prevents 
their  mingling  among  other  commodities  by  sensible 
weights. 

We  buy  commodities  by  avoirdupois  weight.  We  should 
exchange  other  commodities  like  gold  and  silver  by  the 
same  and  use  an  account  unit  that  will  show  relativity 
at  a  glance. 

Tyrants  have  been  uncrowned.  It  is  time  to  dethrone 
gold. 


^Js:  FREE  SILVER  MONEY. 

We  propose  that  the  U.  S  recognize  the  claim  of  silver  to 
the  right  of  being  used  as  money  and  adopt  for  it  a  sensi- 
ble account  unit.    What  would  popularly  be  called  a  sen- 


88  THE  CRASH  OF  THE  GOLD  COMBINE. 

sible  money.  Let  it  be  the  1-20  part  of  an  avoirdupois 
pound  of  pure  silver,  to  be  called  an  Eagle.  Gold  lias 
practically  no  further  use  for  the  word. 

Gold  has  stolen  the  name  Dollar  and  the  sign  |,  which 
is  an  abbreviation  of  p  or  pp  for  the  Spanish  peso  or 
pesos. 

The  word  Dollar  is  the  German  word  Thaler,  given 
originally  to  a  silver  coin. 

For  a  sign  for  our  Eagle  let  us  use  the  letter  E. 

At  first  glance  it  looks  a  little  queer,  but  not  half  so 
queer  as  a  fishing  pole  looked  on  a  street  car  some  years 
ago. 

In  coinage  it  may  be  subdivided  into  halves  and  quar- 
ters, tenths  and  twentieths,  and  you  may  issue  all  the  alu- 
minum bronze  or  aluminum  steel  or  other  cents  you 
please. 

We  may  call  this  cent!  a  plume  if  it  is  necessary  to  dis- 
tinguish it  from  any  other.  A  cent,  as  you  know,  simply 
means  1-100.  Now  suppose  a  bushel  of  wheat  should  be 
worth  one  eagle  in  trade.  A  bushel  of  wheat  is  60  pounds. 
It  takes  20  eagles  to  make  a  pound,  as  it  is  1-20  of  a  pound. 

Multiply  both  sides  by  20  and  we  have  1  to  1,200,  which 
would  be  the  relative  value  of  silver  to  wheat  at  that 
ratio  or  rate  in  trade.  Or  simply  multiply  the  pounds  of 
wheat  by  20  and  we  have  1,200. 

Suppose  we  take  another  weight,  say  78  pounds,  multi- 
ply it  by  20  and  we  have  1,560,  relative  value  and  account 
price,  both  in  a  twinkling. 

A  cent  means  1-100.  In  our  accounts  we  only  use  dol- 
lars and  cents,  and  in  this  we  use  eagles  and  cents.  Sup- 
pose we  use  the  word  plume,  and  wheat  is  worth  85  plumes 
per  bushel.  The  relative  value  will  be  according  to  this 
proportion :  85 :100 :  :1200 :  X  or  17 :20 :  :1200 :  X.  We  find 
this  to  be  1411  13-20,  which  is  the  relative  value  of  wheat 


THE  CRASH  OF  THE  GOLD  COMBINE.  89 

To  silver  at  tliat  rate.  This  is  as  difiScult  a  case  as  can  be 
presented,  but  is  solved  in  an  instant. 

The  reader  will  liave  no  difficulty  with  any  case,  and  a 
farmer  or  meroliant  with  this  system  of  money  could  see 
exactly  at  any  time  where  wheat  or  anything  else  stood. 
From  relative  value,  if  such  only  w^ere  quoted,  we  could 
have  account  prices  instantly. 

For  statistics  and  a  guide  to  trade  and  the  markets, 
foreign  and  domestic,  these  relative  prices  or  values  would 
be  exactly  what  is  wanted. 

It  would  save  worrying  over  intricate  systems  of  coin- 
age. It  would  save  the  printing  of  tons  of  bosh.  Some 
of  these  college  political  economists  could  by  way  of  ex- 
planation get  up  a  table  of  relative  values,  but  they  do 
not  seem  to  get  up  anything  but  incantations  for  this 
voodoo  of  the  gold  standard.  They  doff  the  ever  ready  cap 
to  the  Golden  Tyrant. 


THE  EAGLE. 

The  sort  of  an  eagle  to  stamp  on  our  coins  would  be  the 
Great  American  Bald  Eagle.  Turn  to  the  word  Bald 
Eagle  in  Webster^s  latest  and  there  you  will  find  a  con- 
templative boss-of-the-situation  eagle,  resting  on  a  rock 
or  the  peak  of  a  cliff.  Curiously  coincident  you  will  see 
that  he  is  drawn  on  the  scale  of  1-20.  That's  the  triumph- 
ant eagle  for  our  silver  money.  Turn  to  the  word  eagle 
and  you  will  see  an  overgrown,  scared-looking  sort  of  an 
eagle  resting  on  a  rotten  limb.  That  is  the  Imperial  Eagle 
of  Europe.  Another  eagle  of  Europe  very  much  like  him  is 
the  Golden  Eagle  of  Europe.    You  will  notice  that  this 


90  THE  CRASH  OF  THE  GOLD  COMBINE. 

imperial  eagle  is  drawn  on  the  scale  of  1-16.  We  don't 
want  him. 

Is  it  possible  that  Webster  thinks  this  fellow  more  of  a 
bird  than  the  other?  Noah  Porter  never  tells  us  what  a 
silver  coin  is,  whether  it  is  a  face  or  a  weight  coin,  nor 
its  composition. 

Does  Noah  Porter  run  his  definition  shop  for  the  benefit 
of  the  gold  gang? 

Is  he  also  steeped  in  stale  bug  juice?  We  do  not  plume 
ourselves  on  the  word  plume.  We  don't  care  a  cent  what 
word  you  use.  But  we  will  say  that  there  is  nothing 
ignoble  about  it.  The  pen,  they  say,  is  mightier  than  the 
sword. 

We  hear  of  flights  on  the  pinions  of  the  mind,  of  plumed 
knights,  of  the  white  plume  of  King  Henry  of  Navarre, 
etc. 

So  taken  altogether  the  word  is  not  without  some  title 
to  high  degree. 


LAW  EXPEDIENT  TO  BE  ENACTED. 

Be  it  enacted,  etc.: 

1st  That  the  U.  S.  government  hereafter  will  buy^  sell 
or  deal  in  silver  by  the  system  of  weight  known  as  the 
avoirdupois.  Being  7,000  grains  to  the  pound  and  equiva- 
lent to  14  280-480,  or  14  7-12  ounces  troy,  as  the  troy  and 
avoirdupois  grains  are  the  same.  The  U.  S.  government 
for  convenience  of  computation  when  dealing  with  silver 
will  subdivide  the  pound  in  accordance  with  our  common 
or  Arabic  system  of  enumeration. 

2d.  The  word  eagle  hereafter  will  be  taken  to  desig- 
nate the  silver  account  unit  of  the  U.  S.  and  will  no  longer 


THE  CRASH  OF  THE  GOLD  COMBINE.  91 

apply  to  gold  except  where  tlie  word  gold  be  specifically 
prefixed  to  the  word  eagle,  in  which  case  it  will  mean  cer- 
tain gold  coins  of  the  U.  S.  For  instance,  the  gold  eagle 
will  mean  the  gold  ten  dollar  coin  of  the  U.  S.  The  doable 
gold  eagle  the  twenty  dollar  coin,  the  half  gold  eagle  will 
mean  the  five  and  the  quarter  gold  eagle  will  mean  the  two 
and  one-half  dollar  piece. 

3d.  The  silver  account  unit  of  the  U.  S.  shall  be  the 
1-20  of  a  pound  avoirdupois  of  pure  silver,  or  350  grains 
thereof.  It  shall  be  called  an  eagle  and  designated  by  the 
sign  E. 

4th.  The  U.  S.  under  its  mint  regulations  will  coin  sil- 
ver into  these  account  units  of  1-20  of  one  pound,  or  350 
grains,  and  the  alloy  of  this  coin  shall  in  no  case  be  great- 
er than  1-10  of  the  whole  weight. 

It  is  clearly  expressed  and  understood  that  there  can 
be  no  deviation  in  the  quantity  of  pure  silver,  which  must 
be  350  grains.  This  account  unit  may  be  coined  into  con- 
venient submultiples  of  the  above,  being  |,  i,  1-10  and  1-20 
eagles,  and  respectively  bearing  the  said  relationship  to 
the  eagle.  It  being  plainly  understood  that  the  coined 
eagle  must  contain  350  grains  of  pure  silver. 

5th.  The  1-100  part  of  an  eagle  may  be  called  a  plume, 
or  a  cent,  according  to  the  text.  The  word  plume  specific- 
ally meaning  3J  grains  of  silver,  or  the  1-100  part  of  the 
eagle. 

6th.  The  Secretary  of  the  Treasury  may  coin  and  issue 
face  or  representative  coins  for  the  1-20  and  the  1-100  part 
of  the  eagle  or  the  one  and  five  plumes,  to  consist  of  some 
appropriate  metal  or  alloy  for  that  purpose  as  he  may 
after  proper  investigation  decide.  These  face  coins  will 
always  be  instantly  redeemed  by  the  Secretary  of  the 
Treasury  when  presented  for  that  purpose  in  quantities 
of  one  eagle  op  any  whole  number  multiple  thereof. 


92  THE  CRASH  OP  THE  GOLD  COMBINE. 

These  face  coins  will  always  be  accepted  by  the  U.  S. 
in  any  transaction  as  equivalent  to  their  representative 
value  in  silver  in  any  quantity  in  the  payment  of  silver 
dues  to  the  U.  S.  The  Secretary  of  the  Treasury  is  em- 
powered to  select  appropriate  devices  for  these  coins  and 
directed  to  stamp  clearly  upon  them  their  true  import  and 
the  date  of  their  coinage. 

7th.  These  silver  coins  of  the  eagle  and  its  submulti- 
ples  shall  be  impressed  with  the  figure  of  the  American 
Eagle  resting  upon  a  rock  or  the  peak  of  a  cliff  or  crag, 
also  with  the  year  of  coinage  and  mint  letters  and  the 
words  or  appropriate  abbreviations  thereof,  350, 175,  87.5, 
35,  17.5,  grains  of  silver,  as  the  coin  may  be,  and  with  its 
fineness  and  with  such  other  devices  as  to  the  Secretary 
of  the  Treasury  may  seem  advisable  after  due  considera- 
tion. 

8th.  The  Secretary  of  the  Treasury  may  also  coin  in- 
gots containing  one  pound  avoirdupois  of  pure  silver,  al- 
ways stamping  upon  them  their  weight  and  fineness  and 
the  words,  ^Contents  one  pound  avoirdupois  of  pure  sil- 
ver'^;  also  the  device  of  the  eagle  and  the  words  "U.  S.  20 
Eagles,"  and  such  other  devices  as  to  him  may  seem  to  be 
appropriate.  He  may  also  accordingly  coin  J  and  J  pound 
silver  ingots. 

9th.  The  U.  S.  hereby  abandons  all  coercion  over  its 
citizens  or  any  of  them  as  to  the  selection  of  their  money 
or  standard  of  relative  value,  and  any  law  contrary  to  this 
is  hereby  abolished.  The  eagle  may  be  used  by  the  citi- 
zens of  the  U.  S.  as  an  account  unit  and  silver  as  money 
and  debts  contracted  in,  silver  are  payable  in  silver. 

10th.  The  obligations  of  the  U.  S.  expressd  in  dollars 
are  payable  in  dollars  of  the  minted  gold  of  the  U.  S. 
and  the  U.  S.  will  accomplish  this  as  fast  as  practicable 
through  the  collection  of  revenues. 


THE  CRASH  OF  THE  GOLD  COMBINE.  98 

The  silver  dollar  will  be  redeemed  in  gold  as  fast  as  con- 
yenient,  and  the  obligations  of  the  U.  S.'  will  be  carried 
out  in  full  and  its  monetary  and  commercial  honor  fully 
protected. 

The  custom  and  other  dues  of  the  U.  S.  will  be  collected 
in  dollars  as  they  are  so  expressed,  for  the  U.  S.  needs 
gold  in  her  business  of  satisfying  gold  obligations.  Her 
representative  paper  dollars  will  be  retired  as  fast  as  prac- 
ticable, and  the  equal  purchasing  power  of  all  her  repre- 
sentative dollars  will  be  sustained  with  every  effort  at  her 
command. 


RXTIO  OP  SILVER  TO  ?3fOLD. 

Tear.  012345678  9- 

168 14.94  14.94  15.02 

169 15.02    14.98  14.92    14.83    14.87    15.02    15.00    15.20  15.07  14.94 

170 14.81    15.07  15.52    15.17    15.22    15.11    15.27    15.44  15.41  15.31 

171 15.22    15.29  15.31    15.24    15.13    15.11    15.09    15.13  15.11  15.09 

172 15.04    15.05  15.17    15.20    15.11    15.11    15.15    15.24  15.11  14.92 

173 14.81    14.94  15.09    15.18    15.39    15.41    15.18    15.02  14.91  14.91 

174 14.94    14.92  14.85    14.85    14.87    14.93    15,13    15.26  15.11  14.80 

175 14.55    14.39  14.54    14.54    14.48    14.68    14.94    14.87  14.85  14.15 

176 14.14    14.54  15.27    14.99    14.70    14.83    14.80    14.85  14.80  14.72 

177 14.62    14.66  14.52    14.62    14.62    14.72    14.55    14.54  14.68  14.80 

178 14.72    14.78  14.42    14.48    14.70    14.92    14.96    14.92  14.65  14.75 

179 15.04    15.05  15.17    15.00    15.37    15.55    15.65    15.41  15.59  15.74 

180 ■  15.68    15.46  15.26    15.41    15.41    15.79    15.52    15.43  16.08  15.96 

181 15.77    15.53  16.11    16.25    15.04    15.26    15.28    15.11  15.35  15.33 

182 15.62    15.95  15.80    15.84    15.82    15.70    15.76    15.74  15.78  15.78 

183 15.82    15.72  15.73    15.93    15.73    15.S0    15.72    15.83  15.85  15.62 

184 15.62    15.70  15.87    15.93    15.85    15.92    15.90    15.80  15.85  15.78 

185 15.70    15.46  15.59    15.33    15.33    15.38    15.38    15.27  15.38  15.19 

186 15.29    15.50  15.35    15.37    15.37    15.44    15.43    15.57  15.59  15.60 

187 15.57    15.57  15.63    15.92    16.17    16.59    17.88    17.22  17.94  18.40 

188 18.05    18.16  18.19    18.64    18.57    19.41   20.78    21.13  21.99  22.09 

189 19.75    20.92  23.72    26.70    32.58    

The  reader  will  easily  understand  this  table  by  bearing 

in  mind  that  the  first  three  figures  of  any  year  may  be 


94  THE  CRASH  OF  THE  GOLD  COMBINE. 

found  in  the  left  hand  column  and  the  fourth  at  the  top 
of  a  vertical  row.  At  the  intersection  of  the  two  is  the 
ratio  for  that  year.  For  instance,  for  the  year  1691  the 
ratio  was  1  to  14.98.  It  will  be  noticed  how  rapidly  the 
ratio  has  changed  since  the  demonetization  act  of  1873. 
These  figures,  except  for  the  last  two  years,  are  from  the 
U.  S.  abstract  of  1892.  For  '93  and  '94  they  were  copied 
from  an  article  by  Prof.  Laughlin  in  the  Times-Herald  of 
Chicago.  From  1687  to  1832  they  were  taken  from  the 
tables  of  Dr.  A.  Soetbeer.  From  1833  to  1878  from  Pixley 
and  Abell's  tables,  and  from  1878  to  1892  by  the  U.  S.  Mint 
from  the  London  Market. 

These  tables  show  what  is  called  the  ratio  of  silver  to 
gold,  that  is  the  trade  price  equivalent  by  weight.  It  is 
the  relative  value  taken  inversely.  Silver  at  16  to  1  by 
weight  means  at  1  to  16  in  value. 

We  have  no  other  table  of  relative  prices  brought 
through  the  centuries  and  the  above  is  faulty  and  not  one 
of  free  conditions.  It  has  always  been  influenced  by  gov- 
ernmental intermeddling  or  special  monetary  laws.  Under 
free  conditions  it  is  very  likely  that  the  ratio  would  sink 
to  three  or  four  to  one.  This  is,  however,  a  matter  of  opin- 
ion. Account  prices  are  mass  or  material.  Gravic  force 
varies  as  mass.  The  valic  force  or  value  varies  inversely 
as  mass.  Neither  of  them  are  mass.  We  owe  the  Gold 
Combine  gold  mass. 

The  vital  energy  belongs  to  man»    It  is  ours. 

Contracts  for  the  delivery  of  any  goods  are  simply  con- 
tracts for  the  delivery  of  those  goods. 

They  do  not,  nor  cannot,  specify  how  great  the  task  of 
that  delivery  shall  be. 

We  propose  to  relieve  gold  of  by  far  the  greater  part 
of  its  valic  intensity  or  relative  value  in  order  to  make 
the  task  of  its  delivery  easy. 


TMB3  CRASH  OF  THE  GOLD  COMBINE.  95 


RELATIVE  VALUE. 

The  table  given  before  indicates  tlie  relative  value,  or 
what  we  have  called  the  valence,  of  gold  and  silver.  If 
other  commodities  were  compared  in  this  way  we  would 
have  most  invaluable  statistics  of  price  or  value. 

The  relativity  of  trade  would  be  shown  at  a  glance. 

They  could  all  be  compared  to  one  commodity  which 
would  then  be  a  standard  of  valence  or  a  standard  of  rela- 
tive value  or  a  money. 

If  this  became  customary  and  were  kept  up  for  years, 
we  would  have  an  absolute  record  of  prices  or  values. 
Everything  wanted  would  be  shown  at  a  glance. 

Suppose  the  standard  of  valence  were  silver,  the  rela- 
tive price  of  anything  in  gold  could  be  gotten  by  multiply- 
ing by  the  price  or  valic  relationship  between  silver  and 
gold.  That  is,  the  table  could  be  quickly  changed  from 
one  standard  to  another  standard,  just  like  a  table  of 
specific  gravity  can  be  changed. 

Prices  current  could  be  shown  by  giving  the  relative 
price  as  related  to  some  standard  of  relative  value.  When 
once  understood  it  would  be  a  quick  and  easy  plan. 

By  this  relative  system  we  could  understand  the  prices 
of  any  other  country  instantly,  if  they  were  given  to  us 
in  that  way.  This,  among  other  things,  is  what  we  are 
trying  to  bring  about  and  what  would  be  instantly 
brought  about  by  any  logical  system  of  money  or  trade. 

Any  account  price  could  be  instantly  deduced  and  the 
world  would  be  saved  the  trouble  of  worrying  about 
the  coins  or  account  units  or  money  of  other  nations. 

We  would  be  no  more  worried  about  exports  of  gold 
than  we  are  about  exports  of  wheat. 

It  would  be  a  step  in  trade  worthy  the  electric  century 


96  THE  CRASH  OF  THE  GOLD  COMBINE. 

about  to  dawn.  All  this  could  be  brought  about  by  the 
adoption  by  the  U.  S.  of  the  laws  proposed. 

This  law  would  in  no  way  debar  gold  nor  drive  it  from 
the  country. 

Business  would  boom  everywhere  as  being  on  a  sound 
basis. 

There  would  be  no  more  panics,  no  more  fear  and  trem- 
bling as  to  what  an  unreliable  or  intermeddling  govern- 
ment might  next  do. 

Our  great  statesmen  at  Washington  would  no  more 
have  a  money  question  on  their  hands. 

Tliat  question  would  be  settled,  and  settled  right. 

Our  representatives  would  have  time  to  discuss  other 
questions.  For  instance,  the  Nicaragua  or  some  other  inter- 
oceanic  canal,  which'  the  world  needs,  and  that  now.  They 
could  probably  prevent  a  monopoly  of  that  water  way  by 
some  company  and  another  steal. 

We  would  at  once  begin  to  bid  for  that  most  tremendous 
trade  of  the  Orient  as  well  as  that  of  Latin  America,  which 
is  only  just  now  opening. 

We  would  be  flooded  with  blessings  and  wealth  such 
as  no  country  has  yet  known. 

Our  factories  would  run  with  straining  belts  and  happy 
hands,  and  we  would  take  on  the  progress  of  a  happy, 
hopeful,  advancing,  solvent,  saved  and  busy  world. 

No  devils  could  come  out  of  the  night  to  ruin  and  bank- 
rupt our  enterprising  business  men  as  is  the  case  under 
the  gold  despotism. 

There  would  be  no  government  force  as  to  what  money 
should  be  used. 

That  matter  would  settle  itself. 

The  West  could  build  the  Nicaragua  Canal  with  the 
silver  mines  and  the  laborers  of  the  West  Indies. 

We  could  have  it  under  the  control  of  the  U.  S.  and  for 


THE  CRASH  OF  THE  GOLD  COMBINE).  St 

the  use  of  the  East  and  of  the  world.  There  would  be  no 
contentions  in  Congress  on  the  question  of  money.  There 
would  be  no  wholesale  confiscations  as  happen  every  few 
years. 

Gold  is  too  small  and  tricky  for  the  business  of  the  great 
'U.  S. 

Hard  and  grinding  times  would  be  a  thing  of  the  past. 
Under  gold  despotism  all  times  are  hard,  but  some  much 
harder  than  others. 

The  beauty  of  the  thing  is  that  it  can  be  adopted  by  the 
U.  S.  without  consulting  any  other  country  and  without 
setting  an  arbitrary  price  on  any  man's  goods.  The  adop- 
tion of  this  system  by  the  U.  S.  would  be  followed  by  the 
world  and  the  gold  government  debts  paid  with  pleasing 
rapidity.  England  could  adopt  this  system  by  coining  a 
1-20  of  a  pound  piece  of  silver  and  calling  it  a  lion  or  a 
unicorn,  to  bore  hole  through  the  vitals  of  the  great  gold 
dragon,  to  free  her  suffering  people  from  debt  and  at  once 
to  come  to  a  monetary  peace  with  all  her  colonies. 

British  economists  dare  not  attack  this  theory  expect- 
ing to  come  off  alive,  nor  dare  any  gold  bug  of  the  U.  S. 

Its  adoption  by  England  would  advance  her  greatness 
to  a  point  never  before  dreamed  of. 

As  to  ourselves  there  is  no  computing  the  tremendous 
advance  we  would  make.  We  would  be  a  free  people  in 
a  few  years  and  prosperity  would  be  the  overwhelming 
rule.    Not  as  is  now  the  case,  the  striking  exception. 

Under  such  a  system  such  improvements  and  advance- 
ment in  transportation  would  take  place  as  we  cannot 
now  imagine. 

A  struggling  railroad  system  would  soon  pay  its  debts, 
and  the  war  between  the  farmer  and  the  R.  R.  would  end, 
for  they  both  have  a  common  interest  in  each  other's  wel- 
fare. 


d8  THE  CRASH  OF  THE  GOLD  COMBINE. 

Their  great  enemy  is  a  common  enemy  wlio  robs  them 
botli.  But  the  stronger  squeeze  comes  out  of  the  farmer, 
being  nearer  the  bosom  of  the  earth,  the  source  of  supply. 
The  gold  combine  or  gold  single  standard  is  the  cause  of 
all  the  trouble. 

Let  them  both  unite  to  crush  it  forever. 

Shoot  it  full  of  ballots  at  the  next  election. 

We  want  a  deep  water  way  from  Chicago  to  the  sea. 

We  want  an  interoceanic  canal.  We  can  never  have 
them  under  the  robbery  of  gold  monometallism. 

We  want  an  electric  system  of  railroads  from  ocean  to 
ocean.  We  can  not  have  them  under  the  mono  gold  hum- 
bug. 


SYSTEMS  OF  STANDARD  WEIGHTS. 

We  have  in  the  U.  S.  three  systems,  viz.,  the  Apothecary, 
Avoirdupois  and  Troy. 

The  Avoirdupois  is  the  one  used  for  weighing  nearly 
everything  but  gold  and  silver. 

The  Apothecary  is  one  almost  out  of  trade  and  used  by 
druggists  in  compounding  prescriptions.  This  system 
is  in  decadence. 

The  Troy  system  is  used  in  w^eighing  gold  and  silver 
and  that  in  bulk,  but  for  the  purpose  of  paying  working- 
men  and  of  exchange  in  common  trade,  they  have  always 
passed  by  unique,  peculiar  and  inconvenient  weights  and 
in  alloys  which  have  been  both  decreed  by  law. 

The  grain  in  all  these  systems  is  the  same. 

The  pound  Apothecary  and  Troy  are  the  same. 

The  ounce  Apothecary  and  the  ounce  Troy  are  the  same, 
but  are  differently  subdivided 


THE  CRASH  OF  THE  GOLD  COMBINE.  99 

Here  are  the  tables: 

APOTHECARY  WEIGHT. 

20  grains  make  one  scruple  or  20  grains. 

3  scruples  make  one  dram  or  60  grains. 

8  drams  make  one  ounce  or  480  grains. 
12  ounces  make  one  pound  or  5760  grains. 

TROY  WEIGHT. 

24  grains  make  one  pennyweight  or  24  grains. 
20  pennyweights  make  one  ounce  or  480  grains. 
12  ounces  make  one  pound  or  5760  grains. 

AVOIRDUPOIS  WEIGHT. 

27  11-32  grains  make  one  dram  or  27  11-32  grains. 
16  drams  make  one  ounce  or  437^  grains. 
16  ounces  make  one  pound  or  7000  grains. 

The  gold  dollar  weight  is  25.8  grains  of  an  alloy  of  gold 
and  copper  9-10  fine  as  minted  by  the  U.  S.  Before  mint- 
age this  alloy  is  known  as  U.  S.  standard  gold  and  the 
money  of  the  U.  S.  is  of  this  gold.  It  is  by  legislative  en- 
actment the  only  money  of  the  country.  The  gold  dollar 
contains  23.22  grains  of  pure  gold. 

The  silver  dollar  weight  is  412.5  grains  of  a  silver  alloy 
9-10  fine  as  minted  by  the  U.  S. 

Like  gold  it  never  was  aJ  dollar  until  properly  stamped 
and  minted. 

Up  to  the  year  1873  it  could  be  used  as  money,  but  only 
at  an  equivalence  with  the  gold  dollar  mentioned  above, 
whereby  the  U.  S.  wa.s  under  the  monetary  system  known 
as  bimetallism. 


100  THE  CRASH  OF  THE  GOLD  COMBINE. 

This  of  course  meant  that  the  material  of  the  cheaper 
account  unit  would  be  used  as  money  and  the  dearer  ex- 
ported to  where  a  better  reMive  price  might  be  obtained 
for  it. 

It  is  logically  certain  that  such  must  be  the  rule  under 
such  circumstances  and  such  has  always  been  the  case  in 
practice. 

It  pays  to  do  so  and  men  trade  for  gain.  That  is  all 
there  is  to  Gresham's  law. 

The  silver  dollar  weight  is  now  of  no  particular  signifi- 
cance and  is  not  now  used  in  trade,  but  only  employed  by 
the  U.  S.  government  as  the  uniform  weight  at  which  silver 
tokens  or  chips  for  the  gold  dollars  are  coined. 

This  coin  is  called  a  silver  dollar  just  as  a  paper  bill  is 
called  a  paper  dollar,  but  it  is  not  a  dollar  at  all.  For  the 
only  dollar  of  the  U.  S.  is  the  gold  dollar  mentioned  above. 

It  will  be  noticed  how  inconveniently  the  pound  avoirdu- 
pois is  subdivided.  It  would  be  much  better  to  subdivide 
it  so  that  it  would  be  capable  of  decimal  expression,  and 
nothing  could  be  better  than  for  the  U.  S.  to  commence 
doing  so  in  the  case  of  silver.  For  a  silver  account  unit 
and  a  silver  money  we  should  adopt  pure  silver.  A  mixed 
money  is  the  same  as  if  we  should  use  silently  or  imper- 
ceptibly changeable  weights.  A  coin  is  not  the  same  thing 
as  a  money  and  a  coin  if  deemed  advisable  may  contain 
some  alloy  over  and  above  the  money  metal  contents. 

Such  a  system  would  at  once  make  the  money  question 
easily  understood. 

Our  present  system  of  money  serves  but  to  repress  the 
expansion  of  human  progress. 

It  is  a  barbarous  incubus.  This  chain  of  despotism 
should  be  at  once  removed  from  the  neck  of  Industry. 


THE  CRASH  OF  THE  GOLD  COMBINE.  101 


THE  CRASH  OF  THE  GOLD  COMBINE 

Would  be  the  effect  of  the  legislation  proposed. 

It  would  be  the  smash  of  the  Great  European  Money 
Monopoly,  the  giant  British  and  Continental  fraud  of  gold 
freebootery  and  industrial  slavery.  Our  good  protection- 
ist friends  could  come  out  and  vote  against  this  foreign 
yellow  fraud  and  in  favor  of  the  American  industry  of  sil- 
ver mining. 

Our  good  free  trade  friends  cannot  consistently  vote  to 
protect  the  foreign  yellow  despot.  So  we  propose  to  vote 
them  altogether  against  gold  monometallism.  The  effect 
of  the  legislation  proposed  would  be  the  fall  of  the  money 
monopoly.  Business  can  be  done  upon  silver  as  well  as 
gold.  All  the  paper  devices  for  facilitating  trade  can  be 
used  in  the  case  of  silver  or  anything  else  as  well  as  for 
gold  only. 

Silver  could  at  once  become  a  "primary  money,"  or, 
indeed,  money,  and  that  without  violating  any  contract 
or  any  law  of  trade  or  government  or  of  the  constitution. 
"The  image  and  superscription  of  Caesar"  would  no  longer 
mean  despotism. 

This  would  be  in  fact  but  the  carrying  out  of  the  true 
natural  law  of  trade  and  a  most  astounding  advance  be- 
yond any  theory  of  money  that  has  ever  yet  been  proposed. 
It  would  be  found  that  the  whole  round  of  trade,  from  the 
earth  back  to  the  earth,  could  be  made  in  silver  and  the 
power  of  dictation  taken  from  the  Gold  Combine. 

Our  government  would  not  tremble  before  the  banking 
firms  of  certain  loafers  about  the  thrones  of  Europe. 

Not  a  dollar  of  gold  would  be  driven  from  the  country. 

iWe  would  have  the  poor  little  yellow  devil  right  here 


102  THE  CRASH  OF  THE  GOLD  COMBINE. 

among  us.  Not  a  dollar  of  gold  would  be  driven  from 
the  country. 

Panics  would  be  a  thing  of  the  past,  for  it  would  be 
known  that  every  dollar  obligation  could  and  would  be 
paid  in  gold. 

Panics  are  simply  the  fact  that  somebody  cannot  put 
up  gold  for  paper  promises. 

The  government  would  reduce  its  debt  rapidly  upon  an 
easy  gold  market. 

Stringency  in  the  money  market  would  be  over. 

The  great  halo  over  gold  and  over  money  would  disap- 
pear. It  would  be  found  that  there  is  no  extraordinary 
natural  sanctity  about  it. 

The  nations  of  Europe  would  be  taken  at  a  great  dis- 
advantage, for  we  could  talk  to  all  foreigners,  whether  of 
gold  or  silver  countries,  in  their  own  money  language. 

Every  city  of  the  U.  S.  within  a  year  would  double  its 
business. 

The  western  silver  mines  would  open  with  a  boom. 

Prosperity  would  come  to  farmers  and  railroads  alike. 

Railroads,  farmers  and  business  men  generally  should 
unite  in  promulgating  this  theory,  for  it  shows  how  they 
may  be  quickly  and  honestly  relieved  of  this  burden  of  in- 
debtedness and  taxation  that  is  grinding  them  through 
the  operation  of  gold  interests  to  industrial  death. 

People  would  be  free  to  select  the  money  most  suited 
to  their  wants. 

The  spirit  of  bitterness,  discontent  and  unrighteous  op- 
pression would  be  calmed  forever. 

It  would  bring  on  the  era  of  peace  and  good  will  toward 
men.  What  we  want  is  cheap  gold,  good  gold  cheap, 
plenty  of  gold  for  little  work.  A  shirt  costs  labor.  Money 
costs  labor.  Suppose  a  shirt  is  exchanged  for  a  dollar. 
It  probably  costs  you  four  times  as  much  labor  to  get  that 


THE  CRASH  OF  THE  GOLD  COMBINE.  103 

dollar  as  it  costs  to  make  that  shirt.  The  other  three 
shirts  do  not  go  as  profit  to  the  merchant  nor  to  the  cot- 
ton raiser,  for  they  get  little  enough. 

They  go  in  the  form  of  stolen  vital  energy  over  to  the 
gold  gang. 

Gold  would  no  longer  be  a  necessity  in  business  or 
trade.  It  would  only  be  needed  to  pay  debts  with,  and  as 
the  industrial  world  pays  debts  every  time,  it  would  not 
be  anxious  to  do  anything  to  enhance  the  price  of  this  be- 
loved little  debt-paying  commodity. 

As  fast  as  debts  were  paid  the  demand  for  it  would 
weaken. 

As  gold  would  be  on  a  declining  market  the  holders  of 
it  would  be  anxious  to  unload,  which  would  still  further 
depress  its  price,  that  is,  make  booming  times. 

Ask  any  man  on  any  board  of  trade  in  the  U.  S.  or  any 
gold  blatherskite  of  Wall  or  Lombard  street  what  big 
offerings  on  a  declining  market  mean.  They  mean  a  slump. 

The  crash  in  the  price  of  gold  that  would  follow  would 
be  something  sublime,  for  there  are  no  millions  to  eat 
gold  as  in  the  case  of  wheat,  and  that  sustaining  quality 
would  not  exist.  Gold  could  be  gotten  easy.  We  could 
cut  off  the  wire  from  the  dynamo  or  brain  of  man  to  gold 
and  its  purchasing  power  would  at  once  begin  to  ooze  or 
dissipate.  The  enormous  contracts  for  its  delivery  would 
begin  to  be  paid  at  once.  Gold  would  cheapen  in  accelerat- 
ed ratio  and  the  debts  of  nations  would  lighten  at  once 
find  soon  be  paid. 

This  would  be  worth  more  to  the  human  race  than  the 
discovery  of  one  hundred  times  the  African,  Australian 
and  California  gold  mines  combined.  The  tremendous  re-- 
fiults  we  cannot  here  discuss.  Figure  them  out  for  your- 
self. A  suffering  and  enslaved  world  would  be  freed. 
We  do  not  propose  that  the  "Son  of  Man/'  the  Salt  of  the 


104  fTHE  CRASH  OP  THE  GOLD  COMBINE. 

Eartli,"  tlie  "Wealth  of  Nations/'  shall  be  a  slave  before  a 
contemptible,  arrogant  little  coterie  of  European  gold 
owners. 

These  are  new  days.  The  air  is  intense  with  change. 
New  forces  are  at  work.  We  have  the  new  woman.  May 
heaven  bless  her. 

We  throw  her  a  kiss.  It's  the  same  old  girl  taking  to 
independent  thought. 

It  shows  that  mankind  is  advancing. 

She  will  know  that  what  is  robbing  her  father,  brother, 
sweetheart,  husband  or  son  is  robbing  her. 

The  gold  gang  is  crowding  her  into  slavery  and  destitu- 
tion. 

The  new  woman  and  the  new  man  together,  by  a  well 
known  economic  law  cannot  earn  any  more  than  the  old 
man  could  alone. 

She  is,  as  a  rule,  only  squeezing  into  places  already  full 
by  out-bidding  her  natural  helpmeet  and  supporter. 

She  simply  pushes  him  off  of  this  rotten  old  gold  craft 
to  drown  in  the  water. 

These  new  days  are  electrical  days,  but  before  we  can 
enter  upon  this  transcendent  career  we  must  unchain 
mankind. 

The  first  task  is  to  work  off  these  tremendous  gold 
debts,  or  contracts  for  the  delivery  of  gold,  which  are 
only  paid  by  the  consumption  of  sanguine  power,  the 
production  of  blood. 

We  do  not  propose  that  the  gold  gang  shall  have  a  halter 
on  the  future,  a  chain  on  the  neck  of  Industry,  shackles  on 
the  ankles  of  the  living  present  and  the  millions  unborn. 

These  contracts  are  payable  in  the  blood  of  man. 

It  is  not  stated  how  much  blood  this  shall  take,  except 
that  it  shall  take  enough  to  procure  the  gold.  We  propose 
to  use  that  blood  economically. 

We  are  not  a  gold  bug  professor  fo  stand  out  for  the 


THE  CRASH  OP  THE  GOLD  COMBINE.  105 

slaughter  of  Progress,  Civilization,  Industry  and  Inno- 
cence. It  is  the  scalps  of  such  men  that  we  propose  to 
wear  under  our  belt.  Blood  is  the  money  of  "Ultimate 
Redemption.'' 

In  this  are  the  sins  of  debt  washed  out.  These  new 
woman,  Edison,  Tesla,  Bell,  Telautograph,  Congress  of 
Religions  and  Horseless  Carriage  days  cannot  longer 
stand  any  such  humbuggery  as  this  old  fetich  of  a  special- 
ly privileged  money. 

We  are  urging  that  governmental  aid  shall  not  be  ex- 
tended to  the  most  despicable  and  gigantic  scheme  of  rob- 
bery and  murder  of  which  the  human  mind  can  conceive. 

We  are  in  this  arena  to  win. 

We  have  started  out  with  a  short  knife,  but  it  is  plenty 
long  enough  to  kill  the  tiger  of  the  theory  of  gold  mono- 
metallism. With  unfaltering  feet,  a  steady  hand  and  the 
courage  of  faith,  we  will  fight  this  battle  to  a  successful 
finish. 

Boys,  we  told  you  we  were  out  for  big  game.  We  will 
yet  have  the  hide  of  the  remorseless  European  Hydra 
stretched  out  on  our  back  fence.  We  will  noose  him  and 
show  him  to  you  and  you  can  kill  and  skin  him.  We  claim 
the  hide.  You  can  fry  out  the  fat  and  take  the  flesh.  He 
will  cut  up  grandly,  and  just  think  of  the  soap. 

Now  we  have  one  thing  more  to  say,  and  this  to  the  sil- 
ver miner  of  the  West. 

It  is  that  we  have  in  our  mind  another  and  a  colossal 
plan  whereby  the  price  of  silver  relative  to  gold  may  be 
more  than  doubled  in  five  years  and  the  gold  combine 
broken  to  smithereens.  We  can  do  this  without  asking 
Uncle  Sam  for  any  special  legislation. 

It  is  no  wild  plan,  is  easy  to  put  into  operation  and  will 
work  to  a  charm. 

The  above  may  have  a  startling  sound,  but  is  absolutely 
irne. 


106  THE  CRASH  OF  THE  GOLD  COMBINE. 


SIXTEEN  TO  ONE. 

*'We  are  in  favor  of  the  coinage  of  gold  and  silver  at 
the  ratio  of  16  to  1  and  their  equal  value  and  use  as 
money." 

What  does  the  above  mean  ? 

First  take  the  proposition,  "We  are  in  favor  of  the 
coinage  of  gold  and  silver  at  the  ratio  of  16  to  1." 

Now,  as  a  matter  of  fact,  the  gold  and  silver  dollar  do 
now  about  bear  that  proportion  bj  weight. 

Sixteen  times  25.8  grains  is  412.8  grains,  not  412.5 
grains,  which  is  the  weight  of  the  silver  dollar. 

It  seems  to  us  that  a  miss  is  about  as  good  as  a  mile, 
for  there  never  was  a  ratio  in  the  U.  S.  between  gold  and 
silver  of  sixteen  to  one. 

Now  we  will  take  the  second  proposition,  "And  their 
equal  value  and  use  as  money." 

This  refers  not  to  the  size  or  weight  of  coins,  but  to 
the  relative  value  of  gold  to  silver. 

We  suppose  that  our  silver  friends  mean  that  the  silver 
dollar  may  be  used  interchangeably  with  the  gold  dollar 
in  payments  by  the  government  and  individuals  of  the 
U.  S.  or  that  a  silver  chip  dollar  shall  go  in  every  way 
as  the  equivalent  of  the  gold  or  true  dollar. 

That  is,  to  put  it  plain,  that  one  pound  of  gold  shall  be 
equivalent  in  these  U.  S.  to  16  pounds  of  silver,  though 
the  true  price  in  the  markets  of  the  world  is  one  pound 
of  gold  for  about  30  pounds  of  silver. 

There  is  no  getting  around  the  argument  that  the  gov- 
ernment by  doing  this  would  be  taking  a  dreadful  step. 
It  would  be  saying  that  it  can  violate  the  law  regarding 
tlie  obligation  of  contraQts, 


THE  CRASH  OF  THE  GOLD  COMBINE.  107 

The  proposition  is  clearly  unconstitutional,  and  the  Su- 
preme Court  would  flnd<  no  diflSculty  in  adjudging  it  so. 

It  would  be  equivalent  to  saying  that  the  government 
at  its  own  option  could  pay  in  one  thing  when  it  had 
agreed  to  pay  in  another. 

For  the  dollar  of  the  U.  S.  is  the  gold  dollar.  Moreover, 
the  power  that  made  it  the  dollar  and  the  specially  priv- 
ileged money  of  the  country  is  the  same  power  that  is 
invoked  to  pass  this  silver  legislation.  There  is  no  doubt 
but  that  this  first  legislation  of  1873  was  legal,  however 
much  it  may  be  attempted  to  prove  the  contrary.  A  thou- 
sand things  may  be  urged  against  it. 

It  may  be  proved  that  it  was  exceedingly  inexpedient, 
probably  the  result  of  a  great  European  monetary  con- 
spiracy, etc. 

That  it  was  deftly  engineered  and  that  our  ignorant  con- 
gressmen did  not  know  its  true  import.  It  may  be  kicked 
at  in  a  hundred  ways,  for  it  deserves  to  be  kicked  at. 

The  law  of  1873  may  be  modified  or  annulled  as  to  its 
future  operation,  but  not  as  to  its  past.  It  cannot  be  ex- 
post  factoed  out  of  existence. 

Our  good  silver  men  must  understand  that  whenever 
the  latter  even  threatens,  depositors  rush  to  the  banks  for 
their  gold  and  gold  owners  push  their  collections  urgent- 
ly. Panics  ensue,  for  the  banks  surely  will  give  out  paper 
and  gold  hustles  and  hides,  and  we  have  a  confiscatory 
squeeze.  Uncle  Sam  cannot  redeem  his  paper.  He  is  a 
bankrupt.  Every  one  is  appalled.  Business  stops  and 
the  silver  men  are  at  once  blamed  for  it.  Their  cause  is 
thus  weakened. 

The  country  is  distressed  and  alarmed,  and  the  silver 
cause  quickly  loses  prestige. 

Every  16  to  1  wave  has  broken  at  this  point.  The  silver 
men  must  know  that  even  the  danger  of  such  a  law  being 


108  THE  CRASH  OF  THE  GOLD  COMBINE. 

passed  brings  about  a  fearful  state  of  bard  times  and 
"lack  of  confidence.'* 

It  bas  done  it  before  and  it  will  do  it  if  tried  again.  Tbe 
silver  cause  is  just  and  bas  power  enougb  if  properly  pre- 
sented to  sweep  everytbing  before  it. 

A  suffering  country  is  tired  of  tbis  arrogant  gold  dom- 
ination, tbis  colossal  system  of  barmonious  tbievery. 

Votes  by  tbe  millions  may  be  easily  gotten  to  put  it 
down.  Gold  monometallism  is  a  fraud,  a  craze,  a  curse 
and  a  beresy.  Let  our  silver  friends  place  tbemselves 
wbere  tbeir  arguments  against  it  are  impregnable,  wbere 
it  cannot  be  urged  tbat  tbey  are  witbout  principle. 

Tbe  metbods  of  tbe  gold  gang  are  and  bave  been  tbose 
of  a  sneak  tbief. 

Tbe  citadel  of  gold  argument  is  easily  taken.  Tbere  is 
notbing  impregnable  in  tbe  position.  It  can  be  razed  to 
tbe  ground  or  ground  to  powder  witb  very  little  mental 
effort. 

Sixteen  to  one  in  a  fair  field  is  no  price  for  silver. 

It  would  easily  go  to  7  or  8  to  one.  Tbe  best  of  it  all 
is  tbat  silver  owes  no  debts. 

We  propose  to  feed  tbe  gold  men  gold  till  tbey  are  sick. 
All  tbe  world  is  used  to  silver  coins.  Very  little  of  it 
knows  wbat  gold  coins  are. 

As  a  world's  money  gold  cannot  compare  witb  silver. 

Remember  tbat  a  weigbt  coin  is  an  international  coin. 

Tbe  argument  tbat  tbere  is  about  sixteen  times  as  mucb 
silver  as  gold  to  be  mined  is  probably  altogetber  untrue, 
but  were  it  true  and  tberefore  tbat  sucb  sbould  be  tbe 
ratio  or  price  is  a  puerile  argument. 

It  is  an  argument  to  prove  tbat  it  is  some  sort  of  a  God- 
given  ratio. 

It  is  on  a  par  witb  tbe  gold  bug  argument  tbat  gold  is 
tbe  God-given  money.  As  argument;  it  is  in  trutb  arrant 
nonsense. 


THE  CRASH  OF  THE  GOLD  COMBINE.  109 

Manufactured  aluminium  at  that  rate  of  argument  ought 
to  be  several  hundred  times  as  valuable  as  copper.  But 
then  if  we  should  take  into  consideration  the  unmined 
aluminium  of  the  earth  then  copper  should  be  thousands 
of  times  as  valuable  as  aluminium.  There  might  be  ten 
times  as  much  silver  coin  and  bullion  in  the  world  as  there 
is  now  and  the  amount  of  gold  the  same,  and  still  the  price 
of  silver  be  as  four  or  five  to  one  as'  compared  with  gold, 
instead  of  16  to  1,  that  is,  under  the  system  which  we  pro- 
pose. 

Tables  of  ancient  price  will  not  do,  for  the  world  was 
a  bimetallic  world  until  England  demonetized  silver  in 
1816,  and  practically  has  been  since  then,  till  the  success- 
ful issue  of  the  great  European  money  conspiracy,  of 
which  the  law  of  1873  of  the  U.  S.  was  probably  a  part. 

The  argument  as  to  quantity  is  utterly  worthless.  Be- 
cause there  is  a  hundred  times  as  much  pine  lumber  as 
oak  in  this  country  it  does  not  follow  that  oak  should  be 
a  hundred  times  as  dear.  Prices  do  not  go  by  that  rule. 
It  is  no  rule  at  all. 

Boys,  I  am  with  you  and  your  best  friend.  I  want  you 
to  go  in  to  win  and  fight  your  battle  on  secure  ground.  The 
people  are  tired  of  the  constriction  of  this  Golden  Con- 
strictor. It  is  ruining  the  U.  S.  and  has  ruined  every  coun- 
try in  Europe. 

To  claim  special  privileges  for  silver  is  only  showing  the 
white  feather.  It  is  an  admission  that  it  dare  not  compete 
with  gold  in  a  fair  field  and  no  favor. 

As  a  matter  of  fact,  in  an  even  field  gold  would  not 
have  the  least  chance  with  silver.  The  market  for  silver 
under  this  plan  would  at  once  become  unlimited.  Indus- 
try would  take  a  tremendous  bound  in  advance. 

The  advantages  would  be  so  many  and  so  manifold  that 
they  could  not  begin  to  be  shown  in  a  book  like  this. 


110  THE  CRASH  OF  THE  GOLD  COMBINE. 

Under  the  system  proposed  in  this  book  Columbia  would 
'become  the  mistress  of  the  trade  of  the  world. 

South  America,  the  Orient  and  all  the  isles  of  the  sea 
would  with  lavish  hands  at  once  pour  untold  treasures 
into  her  lap. 


BIMETALLISM 

Is  the  declaration  by  government  that  one  metal  may  be 
used  as  money  instead  of  another  metal,  at  a  certain  fixed 
ratio  or  price. 

The  fact  is  that  it  is  always  the  metallism  of  the  cheaper 
bi,  or  the  cheaper  of  the  two  alternatives.  It  is  always 
the  monetism  of  the  money  of  the  cheaper  account  unit. 
This  is  an  inevitable  consequence.  It  has  always  hap- 
pened so  and  always  will.  If  it  pays  to  export  one  of  these, 
that  is,  if  the  price  of  one  of  them  is  greater  out  of  the 
country  than  it  is  in  the  country,  then  out  it  goes.  The 
dearer  money  is  taken  to  where  it  is  dearer.  Of  this  there 
can  be  no  doubt  whatever. 

It  is  one  of  those  silent  little  unerring  laws. 

It  is  useless,  my  good  silver  friends,  to  argue  otherwise. 
Give  up  this  line  once  for  all.  Reason  and  fact  are 
against  it. 

The  truth  and  nothing  but  the  truth  must  be  brought 
out.  This  is  a  campaign  of  education,  and  people  are 
anxious  to  study  it  upon  its  merits.  Studied  thus,  there  is 
no  merit  in  gold  bossism.   Their  theory  is  simply  nowhere. 

There  certainly  is  something  wrong  somewhere.  We 
are  trying  to  show  where  It  is. 

If  the  question  be  studied  on  its  merits  this  book  sounds 
the  death  knell  of  that  antiquated  murderer,  fraud,  con- 


*rHE  CRASH  OF  THE  GOLD  COMBINE.  Ill 

fidence  man  and  all-round  crook^  known  as  Gold  Mono- 
metallism. 

In  conclusion  we  would  ask,  why  do  we  not  hear  of  Tri- 
metallism?  Why  does  not  government  attempt  to  fix 
other  prices?  Why  should  this  be  the  only  shining  excep- 
tion to  the  general  rule? 

We  want  to  see  free  silver,  we  want  to  hear  the  glorious 
peal  of  the  free  silver  bell  ringing  out  monetary  liberty 
to  a  suffering  world.  Remember  that  such  a  money  would 
be  sound  money. 

This  "honest  money,"  gold  money,  "sound  money,"  is 
a  thieving  money.  Silver  has  every  advantage  as  to  true 
sound  over  gold.    It  is  harder  and  more  sonorous. 

We  do  not  care  to  hear  the  dull  thud  of  the  dispropor- 
tioned  16  to  1  dumb  bell. 

Silver  would  always  be  down  and  gold  on  top.  It  would 
be  swinging  silver  with  a  gold  handle.  It  will  not  win. 
The  other  will,  and  quickly.  Gold  is  heavy,  yellow,  soft 
and  foreign.    Silver  is  bright,  white,  strong  and  native. 

Boys,  fire  genuine,  bright,  free  silver  balls  at  the  gold 
gang. 

This  wobbly  sort  of  16  to  1  bar  shot  is  not  the  thing 
with  which  to  kill  the  Gold  Combine. 

It  is  simply  a  club  for  the  merciless  savage. 


AN  INTERNATIONAL  MONETARY  CONGRESS 

For  the  purpose  of  fixing  a  world's  price  between  gold 
and  silver  is  about  as  nonsensical  a  proposition  as  could 
be  advanced.  The  scope  of  its  powers  should  be  extended. 
It  should  fix  the  price  that  shall  ever  obtain  between 


112  THE  CRASH  OF  THE  GOLD  COMBINE. 

wheat  and  barley,  or  between  oats  and  corn,  or  between 
copper  and  iron,  or  between  aluminium  and  platinum. 

It  should  be  empowered  to  fix  all  prices  and  give  us  a 
terrestrial  price  equivalent  list  so  that  when  we  contract 
a  debt  in  gold,  for  example,  we  may  know  just  how  much 
copper,  iron,  silver,  wheat,  potatoes  or  hay  we  may  give 
as  legal  tender  in  case  we  do  not  have  the  gold  or  it  pays 
us  to  pay  in  something  else. 

The  last  one  was  run  by  Rothschilds,  so  will  be  the  next. 

This  wonderful  monetary  international  congress  should 
be  a  universal  price  setter  for  all  commodities.  We  will 
not  go  further  with  this.  Pages  and  pages  might  be  writ- 
ten to  show  the  utter  worthlessnoss  of  the  plan. 

No  doubt  the  Gold  Combine  will  soon  be  clamoring  for 
this  congress  in  order  to  gain  time  and  to  save  their 
metal  from  the  utter  rout  it  would  experience  under  the 
system  of  free  monetism  which  we  propose. 

A  patriotic  people  should  repudiate  the  idea  of  such  a 
congress.  Our  system  relieves  government  of  the  proud 
prerogative  of  appraising  other  people's  property.  It  al- 
lows a  free  people  a  free  choice  in  the  selection  of  money. 


DEMAND  AND  SUPPLY. 

Demand  and  supply  as  generally  used  are  demand  and 
countermand.  Supply  must  in  reality  come  from  labor 
and  material,  from  man  and  the  earth.  Of  the  first  men- 
tioned there  is  always  a  supply  of  anything  in  the  mar- 
ket, at  a  price.  Desire  with  nothing  to  buy  with  does  not 
influence  price.  A  beggar  with  nothing  may  desire  some- 
thing all  his  life  and  never  influence  its  price.    He  may 


THE  CRASH  OF  THE  GOLD  COMBINE.  113 

have  tlie  disposition  to  pull,  but  lie  has  no  hold.  If  he  has 
nothing  to  buy  with  he  may  desire  and  be  damned  before 
ever  becoming  demand.  Nothing  kills  the  price  of  any- 
thing so  much  as  nobody  buying  it.  The  more  there  are 
to  buy,  the  keener  the  competition  and  the  stronger  the 
influence  upon  price.  You  will  influence  the  market  ac- 
cording to  your  ability  to  purchase  and  the  price  to  which 
you  will  go  before  you  quit.  In  the  wheat  pit  it  is  a  ques- 
tion between  wheat  and  gold. 

Gold  being  a  cornered  commodity  in  great  demand,  al- 
ways wins.  On  account  of  so  many  debts  and  at  the  same 
time  on  account  of  gold  monometallism,  the  world  is 
forced  to  keep  accounts  in  gold,  contract  debts  in  it,  do 
business  upon  it,  pay  labor  in  it,  and  therefore  the  gold 
gang  has  the  world  in  a  vice  with  their  cornered  com- 
modity, and  well  do  they  turn  the  screws. 

Gold  Monomonetism  is  false  in  theory  and  pernicious 
in  practice,  and  must  go  with  slavery,  religious  persecu- 
tion and  press  censorship.  It  is  the  worst  relic  of  the 
Divine  Right  of  Kings.  It  is  a  relic  of  barbarism  unsup- 
ported by  reason  and  accursed  of  justice. 


FIAT. 


Fiat  justitia  ruat  coelum  is  the  true  law.  Government 
can  not  by  simple  fiat  or  say  so,  do  anything. 

It  is  a  good  deal  like  the  aforementioned  beggar  in  this 
respect.   It  is  only  what  it  may  do  that  counts. 

It  can  do  nothing  except  by  sweating  the  wherewithal 
out  of  workingmen. 

The  fiatists  have  at  least  hazily  gotten  hold  of  the  idea 


114  THE  CRASH  OF  THE  GOLD  COMBINE. 

that  value  is  intangible,  an  unseen  force  or  power,  and  as 
the  world  was  begun  with  fiat,  why  should  not  govern- 
ment, being  some  sort  of  a  big  man,  make  money  in  the 
same  way?  The  fiatists,  recognizing  that  value  is  some- 
what of  a  power  residing  in  the  money  material,  would 
divest  the  soul  of  the  body,  but  it  does  not  follow  from 
thence  that  value  is  wind  or  sound  or  print  any  more  than 
that  the  brand  U.  S.  is  a  mule. 

The  mule  is  apt  to  belong  to  the  government,  the  money 
is  likely  not  to  belong  to  it. 

Representative  coins  or  paper  are  chips  or  checks  for 
gold  dollars. 

They  might  be  checks  for  mules,  but  they  are  not. 

If  they  were  they  would  probably  be  branded  Mules. 

The  fiatist  feels  that  Sam  has  repudiated  him  for  Gold- 
bugism.  Whj  not  repudiate  Goldbugism  for  the  fiatist? 
Turn  about  would  seem  to  be  fair  play. 

The  fiatist  is  ahead  of  the  goldist  in  the  fact  that  he 
knows  that  an  unseen  thief  is  silently  robbing  him  of  his 
powers.    He  knows  of  the  thief  and  attempts  a  remedy. 

The  goldist  denies  this  robbery,  and  says  that  Industry 
is  poor  and  weak,  and  Arrogance  rich  and  strong,  because 
it  is  good  for  them,  was  so  ordained  by  an  all-wise  gold- 
bugism. 

The  idea  of  the  fiatist  may  be  born  of  the  fact  that  the 
government  stamps  gold,  which  is  money.  If  this  were 
all  it  would  not  be  much. 

But  government  goes  much  further.  It  declares  that 
the  gold  account  unit  shall  be  the  only  one,  and  gold 
money  therefore  the  only  one. 

It  says  that  gold  shall  be  the  only  thing  in  which  the 
round  of  trade  shall  be  completed  from  the  earth  back 
to  the  earth. 

Without  reason  or  mercy  it  stamps  silver  moue£  ouii 


THE  CRASH  OF  THE  GOLD  COMBINE.  115 

of  existence.  This  through  its  pernicious  favoritism  to 
gold  money  monopoly. 

It  allows  silver  to  be  coined  only  as  a  servant  to  gold. 

If  it  were  not  for  this  servitude  of  silver  to  gold  the  lat- 
ter could  by  no  means  command  any  prestige  as  a  world's 
money.  If  we  had  a  free  money  system  our  "basis"  would 
be  greatly  increased. 

Tubs,  government,  and  trade,  should  rest  on  broad  bot- 
toms. 

Turn  the  chained  silver  giant  free  and  there  would  be 
a  tremendous  bound  in  the  progress  of  mankind. 

Let  every  man  vote  against  the  gold  gang.  We  have 
marked  delenda  on  the  red  shield  and  indelebilis  on  the 
base  of  the  Statue  of  Liberty. 


MONEY  AND  COINAGE  OF  THE  U.  S. 

All  of  the  gold  coins  of  the  U.  S.  have  been  weight  coins. 

Of  the  silver  coins  of  the  U.  S.  some  have  been  weight 
coins  and  some  face  coins. 

All  of  the  silver  coins  up  to  Feb.  21,  1853,  were  weight 
coins.  At  that  time  all  of  the  silver  coins  of  the  U.  S. 
except  the  silver  dollar  were  made  to  be  face,  or  chip  or 
representative  coins.  That  is,  two  half  dollars  were  no 
longer  a  whole  dollar.  Two  half  dollars  of  the  law  of  1853 
bore  the  ratio  to  a  gold  dollar  by  weight  of  1.14  1026-1161, 
or  1  to  14  38-43.  The  half  dollar  now  weighed  192  grains. 
Twice  that  is  384  grains  fineness  9-10. 

The  weight  of  the  half  dollar  was  changed  in  1873  to 
12J  grammes,  which  would  be  25  grammes  for  the  weight 
of  tbe  new  chip  dollar,  This  is  the  weight  of  the  French." 
five-franc  piece,  which  is  also  a  chip  or  representative  coin. 


116  THE  CRASH  OF  THE  GOLD  COMBINE. 

A  gramme  is  15.432  grains,  wliicli  would  make  the  new 
chip  dollar,  or  two  half  dollars  of  1873,  to  be  385.8  grains, 
or  the  half  dollar  to  be  192.9  grains,  which  is  the  weight 
of  our  present  half  dollars,  quarters  and  dimes  in  propor- 
tion, and  so  with  those  of  1853. 

Bimetallism,  however,  was  in  full  legal  force  until  1873, 
and  these  chip  silver  coins  of  1853  had  legally  nothing  to 
do  with  the  fundamental  monetary  law  of  the  U.  S. 

In  1873  silver  was  demonetized  by  the  most  extraor- 
dinary piece  of  destructive  legislation  that  perhaps  has 
ever  been  known  in  the  history  of  the  human  race.  Panics 
followed  the  laws  of  1834, 1853, 1873,  and  also  the  British 
law  of  1816.  We  will  not  waste  pages  in  denunciation,  but 
will  say  that  instead  of  simply  doubling  the  burden  of 
indebtedness  it  did  much  more.  There  can  hardly  be  any 
calculation  of  its  evil  effects. 

Still  the  cloud  that  has  hung  over  the  country  since 
then  has  a  silver  lining,  and  the  bright  sun  of  truth  will 
with  silvery  light  yet  lift  the  black  pall  of  darkness  and 
*  norance. 

If  the  present  system  of  monogoldism  inaugurated  in 
1873  is  to  continue  it  practically  enslaves  us  forever. 

What  our  people  want  is  to  get  out  of  these  dreadful 
bonds  of  slavery. 

As  to  Mr.  Sherman,  if  he  were  fully  cognizant  of  the 
evil  that  would  follow  he  is  probably  as  desperately 
wicked  a  man  as  lives  on  the  face  of  the  globe,  but  we  do 
not  believe  this,  for  practically  every  famous  political 
economist  on  earth  spouted  the  beauties  of  the  system 
of  gold  despotism. 

Mr.  Sherman  may  well  be  pardoned  if  he  was  carried 
away  by  the  mummery  of  mummified  money. 

The  worst  of  it  is  that  most  political  economists  at  all 


THE  CRASH  OP  THE  GOLD  COMBINE.  117 

our  fountains  of  learning  to-day  still  swab  on  this  bosh 
to  large  classes  of  annual  graduates. 

These  young  men  and  women  go  out  into  the  world  with 
minds  poisoned  by  the  robber  rot  of  Auroran  despotism. 

The  question  of  the  day  is  not  then,  but  now.  We  pro- 
pose to  give,  not  what  the  dads  thought,  but  what  they  did. 

We  will  give  the  weight  of  the  gold  coins  of  the  U.  S. 
We  give  only  the  weight  of  the  eagle,  for  from  this  the  rest 
may  be  quickly  deduced: 

The  eagle  of  1792,  weight  270  grains,  11-12  fine;  gold 
contents,  247.5  grains. 

The  eagle  of  1834,  weight  258  grains,  232-258  fine;  gold 
contents,  232  grains. 

The  eagle  of  1837,  weight  258  grains,  900  fine;  gold 
contents,  232.2  grains. 

The  eagle  of  1873,  weight  258  grains,  900  fine;  gold 
contents,  232.2  grains. 

In  1873  the  weight  of  the  gold  coinage  or  dollar  was 
not  changed,  but  its  character  was.  It  may  be  seen  by  the 
above  that  we  have  had  what  may  be  called  three  different 
gold  dollars  or  account  units. 

The  silver  dollar  of  1792,  weight  416  grains,  371.25-416.00 
or  14.85-16.64  fine;  silver  contents,  371.25  grains. 

The  silver  dollar  of  1837,  weight  412.5  grains,  900  fine; 
silver  contents,  371.25  grains. 

By  the  law  of  1873  the  gold  money  of  the  country  was 
declared  to  be  the  money  or  only  money  of  the  country 
and  silver  money  abrogated. 

The  silver  trade  dollar  was  ordered  to  be  coined  legal 
tender  up  to  five  dollars,  and  afterwards  its  legal  tender 
character  was  taken  away  and  it  was  legislated  out  of 
existence  by  as  rascally  legislation  as  can  be  conceived. 
The  weight  of  the  trade  dollar  was  420  grains,  9-10  fine. 
Its  silver  contents  378  grains.   W"e  have  had  two  different 


118  THE  CHASH  OF  THE  GOLD  COMBINE. 

dad  dollars,  but  the  silver  contents  was  never  changed. 
Not  so  in  the  case  of  gold. 

By  the  law  of  1792  an  eagle  or  ten  dollar  piece  was 
made  equal  in  value  to  ten  silver  dollars  or  units,  and  to 
ten  '^Spanish  milled  dollars,"  which  had  been  and  still  was 
the  money  of  the  country.  As  the  new  American  dollar 
contained  less  silver  than  the  Spanish  dollar  and  was  in 
comparison  a  debased  coin,  it  follows  that  the  good  full 
weight  Spanish  dollar  gave  little  trouble,  and  when  silver 
was  undervalued  in  1834  they  were  the  lightest  to  skip 
ahead  of  the  other  fresh  American  silver  coins,  leaving 
only  badly  worn  Spanish  coins,  especially  minor  coins, 
which  were  used  as  change. 

The  ratio  in  1792  was  placed  at  exactly  15  to  1  and  fif- 
teen pounds  of  silver  declared  to  be  equal  in  value  in  these 
U.  S.  to  one  pound  of  gold.  In  1834  the  ratio  was  changed 
to  about  16  to  1,  and  from  then  trouble  began. 

Silver  being  undervalued,  as  will  be  seen  by  a  reference 
to  our  table,  left  the  country  and  there  was  trouble  about 
change.  In  1853  Congress,  to  remedy  this,  made  the  chip 
halves,  quarters  and  dimes,  or  light  weight  subsidiary 
coinage,  and  discontinued  the  full  weight  silver  halves, 
etc.  It  may  be  seen  by  a  reference  to  our  table  that  these 
light  weight  coins  staid  in  the  country. 

Let  it  be  plain  to  your  mind  that  at  that  time  and  up  to 
1873  the  silver  dollar  was  more  valuable  than  the  gold 
dollar.    Was  a  better  dollar,  as  the  gold  bugs  say. 

Things  were  getting  about  even,  that  is,  it  was  getting 
near  to  the  ratio  of  16  to  1  when  the  gang  legislated  silver 
out  of  monetary  existence.  The  change  of  1853  may  have 
been  to  a  great  extent  impelled  for  the  purpose  of  protect- 
ing the  gold  mining  industry  of  the  South,  which,  for  those 
times,  had  assumed  very  respectable  proportions.  So 
much  so,  that  mints  were  established  on  this  account  at 


THE  CRASli  OF  THE  QOLD  COMBINE.  lid 

Charlotte,  Dahlonega  and  N.  O.  Witli  the  discovery  of 
gold  in  California  still  further  impetus  was  given  to  the 
movement. 

The  western  silver  miner  does  not  seem  to  impress  our 
solons  at  Washington  so  favorably,  but  his  voice  is  heard 
and  his  strength  felt  and  scared  Presidential  candidates 
don't  know  which  way  to  look  for  Sunday.  In  this  book 
we  give  them  a  chance.  No  gold  was  ever  called  a  dollar 
in  the  monetary  laws  of  the  U.  S.  until  the  authorization 
of  the  coinage  of  the  gold  dollar  March  3, 1849. 

The  word  dollar  was  originally  a  word  for  silver  and  not 
used  for  gold  in  1792,  nor  for  a  very  long  time-after.  The 
dads  called  the  silver  dollar  the  unit,  but  as  they  also 
made  the  eagle  equal  in  value  to  ten  units,  it  follows  that 
1-10  of  the  eagle  was  equal  in  value  to  one  unit. 

We  were  then  declaredly  under  the  system  known  as 
Bimetallism.  We  do  not  stand  much  on  this  unit  argu- 
ment, but  will  say  that  silver  has  the  advantage  over  gold 
in  argument,  historically  or  at  any  other  point,  but  that 
of  possession 

Gold  is  a  bastard  usurper  who  has  stolen  both  the  name 
and  the  game.  The  gold  dollar  was  authorized  March  3, 
1849,  the  figure  of  the  eagle  was  omitted.  Our  solons  are 
heavy  on  the  stamp  of  the  government.  The  three  dollar 
gold  piece  was  authorized  Feb.  21,  1853,  and  the  Secre- 
tary of  the  Treasury  was  to  select  a  device  which,  I  believe, 
was  the  plumed  head  of  an  Indian  warrior. 

The  double  eagle  was  authorized  March  3,  1849,  a 
double  eagle  in  every  respect.  All  of  these  coins  were 
exactly  conformable  to  the  gold  coinage  of  the  U.  S. 

The  three  and  one  dollar  piece,  though  approved  by  the 
law  of  1873,  are  no  longer  coined,  probably  as  being  un- 
necessary. 

The  one  dollar  piece  served  the  purpose  of  the  gold  gang 


120  THE  CRASH  OF  THE  GOLD  COMBINE. 

most  materiallj  in  getting  in  their  fine  work  of  tlie  law 
of  1873. 

The  milk  in  the  cocoanut  was  only  a  few  lines,  though 
the  law  takes  sixty-seven  long  articles.  Outside  of  the 
demonetization  clause  it  is  a  slovenly  botch. 

Behold  how  great  a  matter  a  little  fire  kindleth. 

Bv  the  law  of  1873  silver  as  money  was  kicked  by  Con- 
gress out  of  the  U.  S.  to  its  great  suffering,  misery  and 
woe. 

Silver  is  sustained  now  by  being  money  in  a  larger  part 
of  the  world  and  there  serving  as  a  true  conductor  or  car- 
rier of  vital  power.  Gold  is  sustained  in  its  present  high 
place  by  the  autocratic  despotism  of  the  governments  of 
Europe  and  the  U.  S.,  who  may  all  be  said  to  be  absolutely 
under  the  control  of  the  gold  gang,  but,  thanks  to  the 
efforts  of  patriots,  that  hold  in  the  U.  S.  cannot  last  for- 
ever. 

What  we  should  do  now  in  order  to  be  utterly  consistent 
is  to  kick  out  our  Congress  and  put  three  immense  gilt 
balls  on  the  capitol  at  Washington,  install  a  representa- 
tive of  the  Rothschilds,  Drexel,  Morgan  Co.  to  take  charge 
of  the  shop  and  collect  the  rents  of  this  very  profitable 
grant  wrung  out  of  enslaved  industry,  through  the  opera- 
tion of  this  beatified  gold  money  monopoly. 

The  present  silver  dollar  was  authorized  in  1878,  and 
is  of  the  weight  and  fineness  of  the  dad  dollar  of  1873, 
but  not  of  the  character.  This  dollar  of  1878  is  a  chip  or 
check  for  a  gold  dollar  payable  at  Sam's  shop. 

It  works  on  the  principle  of  a  trunk  check  or  cloak 
check. 


THE  CRASH  OF  THE  GOLD  COMBINE.  121 


SOME  CLEAR  CONCEPTIONS. 

Tlie  money  commodity  of  the  U.  S.  is  United  States 
Standard  Gold,  9-10  fine.  It  is  made  to  be  so  by  virtue 
of  arbitrary  and  despotic  legislation  which  commands  that 
the  account  unit  of  the  U.  S.  shall  be  25.8  grains  of  its 
minted  gold  and  an  account  unit  is  of  money.  Its  value  is 
a  unit  of  value.  Labor  is  everywhere  paid  or  sold  or  made 
solid  or  preserved  in  this  commodity,  and  that's  where  it 
gets  its  excessive  value.  Money  is  not  inaptly  called  a 
universal  solvent. 

It  is  as  if  power  were  dissolved  in  it,  as  if  the  spirit  of 
the  power  of  man  had  entered  it. 

This  commodity  in  the  U.  S.,  or  in  the  world,  is  cornered 
by  the  Gold  Combine  or  European  boodle  gang. 

We  are  heavily  taxed  to  pay  this  commodity  to  govern- 
ment.  It  costs  blood  or  vital  energy. 

We  have,  or  the  government  has,  immense  contracts  for 
the  delivery  of  this  commodity  which  are  increasing  every 
year. 

The  people  holding  these  contracts  naturally,  legally 
and  justly  have  the  right  to  demand  gold. 

They  have  not  the  right  to  demand  anything  else,  nor 
have  we  the  right  to  demand  that  they  should  take  any- 
thing else. 

This  commodity  is  sweated  out  of  Industry. 

It  is  to  our  interest  to  get  it  cheap,  to  sweat  as  little 
as  possible  for  it.  The  same  for  like  reasons  may  be  said 
of  every  country  in  Europe. 

It  is  to  our  interest  to  burst  the  Gold  Combine  and  make 
gold  to  be  cheap.  So  it  is  with  the  whole  world.  There- 
fore, to  break  the  Gold  Combine  is  to  the  interest  of 
Progress  and  Civilization.  Cheap  gold  is  what  we  want 


1^2      THE  CRASH  OF  THE  GOLD  COMBINE. 

It  can  be  gotten,  and  patriots  sliould  set  about  it  at  once. 
Crold  monometallism  is  despotism. 

It  is  the  excessive  purchasing  power  of  gold  that  makes 
it  so  valuable.  Purchasing  power  or  trade  value  is  of  the 
nervous  power  of  man. 

Gold  is  like  the  soft  electro-magnet,  kept  alive  by  a 
current  of  power. 

Take  away  the  current  and  the  magnet  loses  its  power. 

Take  away  the  vital  current  of  the  heart  or  brain  of 
man  from  gold  and  it  loses  its  excessive  power.  This  is 
carried  to  it  by  the  pernicious  law  of  Gold  Monometallism 
or  the  Single  Gold  Standard  protected  by  Sam.  We 
should,  according  to  Ohm's  law,  or  any  sensible  concep- 
tion, use  the  method  that  offers  the  least  resistance  that 
accomplishes  the  most  for  the  steam  used.  Ask  any  elec- 
trician if  these  ideas  are  not  correlative.  Ask  Edison  or 
Tesla  after  they  have  read  this  book  if  the  theory  of  Gold 
Monometallism  is  not  a  howling  popular  craze. 

We  want  all  the  great  scientists  on  our  side,  and  what's 
more  we  can  get  them.  We  propose  to  puncture  this  in- 
flated fraud  and  let  the  gas  out  of  the  gaudy,  guilty  bubble. 

We  cannot  build  up  a  true  society  on  the  worthless  crust 
of  law  that  forms  the  film  of  gold  inflation. 

Boys,  you  shall  see  the  great  collapse.    We  don't  need 
any  more  failures  in  business  to  have  all  the  business  men 
voting  on  our  side. 
Boys,  vote  dead  against  the  goldists  all  the  time. 
Goldism  is  cowardly,  governmental  assistance  in  thiev- 
ery. 


A  FEW  FACTS. 

A  cubic  foot  of  water  weighs  52.321  avoirdupois  pounds. 
Multiply  this  by  19.5,  which  is  the  specific  gravity  of  pure 


THE  CRASH  OP  THE  GOLD  COMBINE.  133 

gold  as  referred  to  water,  and  we  have  1215.2595  pounds, 
whicli  is  the  weight  of  a  cubic  foot  of  pure  gold.  Multiply 
this  by  301  161-387,  and  we  have  366,357.2997  161-387, 
which  is  the  number  of  dollars  that  would  be  used  in  mak- 
ing a  cubic  foot  of  pure  gold.  We  take  the  gold  of  that 
number  of  dollars  and  throw  the  copper  away. 

To  a  million  dollars  there  are  2.7295  285685-366357  such 
cubic  feet.  To  simplify  and  favoring  the  goldists  we  will 
call  it  2.73  cubic  feet  to  the  million  dollars. 

In  these  United  States  taken  altogether  there  are  prob- 
ably not  more  than  400  million  dollars  in  gold. 

This  would  make  a  cube  a  shade  over  ten  feet  (10  feet) 
each  way.  Suppose  it  were  eleven  feet  each  way,  that 
would  b6 1,331  cubic  feet.  Suppose  we  leave  out  the  cents 
and  say  that  a  cubic  of  gold  contains  $366,357,  then  this 
cube  of  eleven  feet  would  contain  the  gold  of  |487,611,- 
167,  which  is  probably  far  more  than  there  is  in  the  coun- 
try. The  U.  S.  Treasurer  puts  it  at  something  under  |484,- 
000,000  for  June,  1895. 

The  gold  strong  boxes  are  in  Europe  at  the  centers  from 
where  this  gold  conspiracy  radiates.  The  sweat  boxes  are 
here. 

As  there  are  many  thousand  banks  in  the  country  no 
wonder  the  gold  men  say  it  might  take  more  room  to  store 
silver  or  something  else. 

Our  blessed  government  is  not  troubled  as  to  how  the 
farmer  may  store  his  wheat.  It  is  none  of  its  concern  as 
to  how  the  gold  man  stores  his  gold. 

Let  us  make  this  gold  into  an  overgrown  calf.  Bow 
down  and  worship,  farmers,  business  men  and  working- 
men.  A  billion  dollars  is  a  thousand  million  dollars.  So 
there  are  2,729  cubic  feet  to  a  billion,  or  call  it  2,730.  Say 
there  are  five  billions  of  this  gold  stock  in  the  world. 

There  is,  we  think,  no  more.    The  gold  crowd  is  awfully 


124  THE  CRASH  OP  THE  GOLD  COMBINE. 

given  to  exaggeration  in  this  regard.  Now  five  billion 
dollars  would  be  13,650  cubic  feet  of  gold,  a  mass  of  gold 
136.5  feet  long  and  10  feet  square.  A  great  purchase  on 
the  world.    It  is  a  big  thing. 

iWhat  if  it  should  sink  out  of  sight? 

This  would  be  a  cube  of  something  less  than  24  feet 
each  way,  for  such  a  cube  would  contain  13,824  cubic  feet. 
This  is  some  A  B  C  of  money.  Remember  that  the  nation- 
al debts  alone  amount  to  six  times  this  sum,  and  the  other 
debts  are  at  the  very  least  probably  ten  times  greater. 
;Who  are  the  slaves? 

According  to  the  rule  of  the  British  mint  20  pounds 
troy  of  British  standard  gold,  11-12  fine,  should  be  coined 
into  954  sovereigns  and  J  sovereign.  If  you  perform  the 
proper  operation  the  result  will  be  123.27447  319-623 
grains  to  the  British  sovereign.  Old  Jevons,  the  much- 
vaunted  gold  sharp,  says  that  it  does  not  matter  whether 
the  ordinary  Briton  knows  how  many  grains  there  are 
in  a  sovereign.  In  the  first  place  it  would  take  a  fairly 
brigM  ordinary  Briton  to  find  this  out.  In  the  second 
place,  if  it  were  not  for  the  hell  fire  clause,  we  should  be 
inclined  to  call  Jevons  a  fool  and  be  done  with  it. 

That  is  the  sort  of  medicine  men  who  run  the  corro- 
borees  of  gold  bug  savagery.  Jevons  is  almost  if  not  quite 
incapable  of  reason,  an  overrated  man  in  every  respect, 
who  wrote  a  pettifogging  plea  for  gold  and  had  the  con 
science,  or  lack  of  it,  to  call  it  ^'Money,  or  the  Mechanism 
of  Exchange." 

There  are  113.001  377-623  grains  of  pure  gold  in  a  sov- 
ereign. A  troy  ounce  of  standard  British  gold  is  equal  to 
£3  17s.  lOJd.  There  are  7.3224  plus  grammes  of  pure  gold 
in  a  sovereign.  The  German  mark  is  a  weight  of  6.1465 
plus  grains  of  gold,  fineness  9-10.  The  principal  coin  is 
the  20-mark  piece  weighing  122.92  plus  grains^  or  7.96494 


:THE  CRASH  OF  THE  GOLD  COMBINE.  125 

plus  grammes,  and  containing  7.1G84579  plus  grammes  of 
pure  gold.  Tlie  gold  25-franG  piece  of  France  contains 
7.2581  plus  grammes  of  pure  gold. 

There  is  nothing  decimal  about  the  French  system  of 
money  except  the  alloy  of  the  coins. 

At  the  U.  S.  mint  387  ounces  trOy  of  pure  gold  are  mixed 
with  43  ounces  of  pure  copper  and  are  coined  into  |8,000. 
Hence  an  ounce  of  pure  gold  is  used  to  make  20.671834 
plus  gold  dollars,  the  number  being  a  continued  decimal. 
This  is  the  way  an  ounce  of  pure  gold  is  calculated  by 
assayers.  We  happen  to  know,  having  made  assays  when 
a  boy.  Ninety-nine  ounces  of  pure  silver  were  mixed  by 
the  U.  S.  government  with  11  ounces  of  pure  copper  to 
make  128  silver  dollars. 

So  there  are  128-99  of  a  dollar  in  an  ounce  of  pure  silver, 
or  an  ounce  of  pure  silver  makes  128-99  of  a  dollar.  It  is 
also  mixed  in  that  way  to  make  the  same  sized  modern 
chip.  That  is  why  an  ounce  of  pure  silver  by  bimetallists 
of  the  U.  S.  is  asserted  as  being  worth  |1.29  per  ounce, 
128-99  being  reduced  decimally  is  1.2929  plus,  the  number 
being  a  continued  decimal. 

So  the  bimetallists  again  are  not  exact.  This  $1.2929 
was  the  old  rule  before  1873.  Are  not  all  these  muddled 
numbers  and  continued  fractions  dandies? 

This  idea  of  silver  being  worth  |1.29  per  ounce  comes 
from  the  rules  before  the  gang  succeeded  in  their  con- 
spiracy of  1873. 

We  can  make  silver  worth  at  least  |2  per  ounce  in  gold, 
and  that  in  a  short  time.  Silver  nowadays  is  worth  all  the 
the  way  from  60  to  70  cents  per  ounce.  We  do  not  want 
to  swap  silver  for  gold;  we  want  to  swap  labor  for  silver 
and  let  gold  sink  to  its  natural  level. 

Austria  and  some  other  countries  use  coins  exactly  like 
the  French,  but  with  different  names. 


126  THE  CRASH  OP  THE  GOLD  COMBINE. 

The  Latin  Union  includes  France,  Italy,  Belgium, 
Switzerland  and  Greece.  Gold  despotism  is  the  rule  in  the 
U.  S.,  England  and  Colonies,  Germany,  France,  Austria, 
Holland,  Switzerland,  Spain,  Scandinavia,  Greece,  Russia, 
India  and  some  other  countries  held  by  the  octopus. 

No  wonder  the  world  is  sweating,  pu£Qng,  poverty-strick- 
en and  discontented. 

.We  mean  the  industrious  and  worthy  world. 

The  Great  Gold  Combine  is  O.  K.  It  is  loud  in  its  praises 
of  the  "bond  syndicate  and  its  excellent  work." 

The  industrious  world  is  being  robbed  by  gold  despot- 
ism. 

Governments  cannot  steal.  They  may  furnish  the  means 
whereby  some  men  may  steal  from  others. 

If  we  permitted  a  silver  money  we  would  not  have  to 
coin  all  the  silver  into  coins,  not  by  a  jugful.  We  can  use 
paper  for  silver  as  well  as  for  gold. 

All  the  gold  in  the  world  is  not  in  the  shape  of  gold 
coin,  not  by  a  very  large  jugful,  even  if  they  do  coin  it 
free.  The  gold  gang  is  putting  up  bars  of  bullion  and 
mighty  particular  they  are  that  they  shall  not  lose  by 
abrasion.  They  are  very  particular  on  the  point  of  weight, 
and  they  are  right.  We  propose  to  pay  them  full  weight 
gold. 

Gold  notes  are  also  issued,  I  understand,  against  bars 
of  bullion.  How  is  that  for  high?  However,  we  may  be 
mistaken.  The  Secretary  of  the  Treasury  could  tell  us. 
He  might  take  a  day  off  from  campaigning  for  gold  bug- 
ism  and  give  us  a  little  information. 

Let  us  hear  something  more  than  bugle  blasts  for 
"sound  money." 

This  eternal  tatto  for  patriots  to  return  to  the  tents  of 
the  gold  camp  and  to  be  ready  to  vote  for  their  yellow 
josh  on  the  morning  of  election  makes  us  tired- 


THE  CRASH  OF  THE  GOLD  COMBINE.  127 

We  count  things  even  when  not  coined. 

We  can  count  a  thousand  pounds  of  potatoes  without 
weighing  them  out  by  the  pound.  The  German  mark  as  a 
single  piece  is  not  coined.  Still  accounts  kept  in  the  Ger- 
man mark  are  too  common  for  remark  in  Germany.  A 
shilling  of  gold  is  not  coined;  however,  that  does  not  pre- 
vent its  being  counted,  and  Johnnie  coins  silver  chips  for 
it.    The  gold  franc  is  not  coined  as  a  single  piece. 

We  can  just  as  well  be  free  in  the  choice  of  money  as 
not,  and  the  time  has  come. 

Debts  are  contracts  for  the  delivery  of  goods  payable 
in  the  goods  contracted  to  be  delivered. 

Let  the  people  within  the  lines  of  a  free  country  trade 
how  they  will. 

The  theory  advocated  here  is  free  monetism.  The  silver 
men  should  demand  a  free  silver  money.  The  Congress  of 
the  United  States  cannot  prohibit  free  interchange  be- 
.tween  the  States,  nor  could  a  true  free  silver  bill  be  de- 
feated in  Congress. 

It  would  leave  the  octopus  to  flounder  in  the  mud. 

But  as  we  said  before  the  U.  S.  government  is  in  the 
hands  of  the  gold  gang  and  we  can  beat  them  without  ask- 
ing for  a  single  vote  of  the  gold  bug  gang  which  has  kept 
the  tree  of  liberty  so  well  denuded  of  its  foliage  and  so 
grievously  repressed  its  growth. 


RATIO,  RELATIVE  PRICE  AND  RELATIVE  VALUE. 

Suppose  that  in  exchange  16  pounds  of  silver,  300 
pounds  of  copper,  2  pounds  of  platinum  and  50  pounds  of 
aluminium  are  worth  one  pound  of  gold. 


128  THE  CRASH  OF  THE  GOLD  COMBINE. 

We  have  then  this  table  of  ratio  or  account  price : 

Oold  to  gold,  1  to  1. 
Silver  to  gold,  16  to  1. 
Copper  to  gold,  300  to  1. 
Aluminium  to  gold,  50  to  1. 
Platinum  to  gold,  2  to  1. 

We  have  also  the  following  table  of  relative  purchas- 
ing power  or  relative  values  or  valences: 

Gold  to  gold,  1  to  1. 
Gold  to  silver,  1  to  1-16. 
Gold  to  copper,  1  to  1-300. 
Gold  to  aluminium,  1  to  1-50. 
Gold  to  platinum,  1  to  J. 

It  follows  that  the  relative  price  is  only  another  ex- 
pression of  the  account  price.  The  account  price  therefore 
always  gives  the  relative  price.  It  is  always  the  expres- 
sion of  the  weight  of  the  one  commodity  divided  by  that 
of  the  other.  But  when  gold  is  taken  as  the  standard  of 
value,  it  being  a  very  high  priced  commodity  or  one  of 
high  valic  intensity  or  strong  purchasing  power,  it  fol- 
lows that  the  relative  value  or  relative  purchasing  power 
or  valence  of  others  will  be  generally  expressed  by  proper 
fractions.  Two  trees  are  always  in  line,  and  we  can  hardly 
be  said  to  have  a  standard  except  by  comparing  more  than 
one  thing  or  power  wath  a  single  one. 

This  we  do  in  an  account.  Also  this  is  done  in  any  price 
list  or  market  report. 

Trade  unerringly  seeks  its  level.  This  idea  we  cannot 
stop  to  develop.  Were  it  undisturbed  by  arbitrary  mone- 
tary law  and  had  we  conformable  weights,  this  would  be 
very  apparent.  Here  arises  the  contention  of  the  author 
for  sensible  weights  for  gold  and  silver. 


THE  CRASH  OF  THE  GOLD  COMBINE.  129 

There  can  no  more  be  an  average  of  prices  in  the  popu- 
lar sense  than  there  can  be  an  average  of  specific  gravi- 
ties. The  level  sought  is  one  of  power,  not  of  mass.  It  is 
an  equilibrium.  In  the  search  for  or  tendency  to  this 
equilibrium  merchants  get  their  profits. 

It  is  the  custom  among  people  in  ordinary  language  to 
give  what  we  call  ratio  rather  than  relative  price.  They 
give  the  ratio  of  weight  rather  than  of  power.  That  is, 
people  usually  say  silver  at  16  to  1  when  it  is  rather  silver 
at  1-16  to  1.  However,  the  idea  of  power  is  not  lost  sight 
of,  and  it  is  upon  this  that  thousands  of  mental  lights  are 
now  turned. 

People  are  more  accustomed  to  whole  numbers  than  to 
fractions,  more  impressed  by  mass  than  by  power.  The 
science  of  trade  is  the  science  of  the  exchange  or  inter- 
change of  the  valic  force  or  nervous  energy  of  man,  and 
is  an  exact  relative  science.  All  science  is  exact.  It  is 
the  exact  summation  of  definite  things  and  the  exact  rela- 
tion of  relative  things.  In  this  money  business  gold  ma- 
terial.is  a  definite  thing,  its  value  a  relative  thing.  These 
relative  things  may  be  called  forces. 

A  point  describing  a  regular  curve  or  any  law  governed 
line  may  be  said  to  move  in  the  resultant  of  two  forces 
which  act  upon  it.  Its  equation  or  expression  is  the  state- 
ment of  their  relativity.  A  table  of  specific  gravity  is  com- 
parable to  an  account  or  price  list.  In  the  first  case  the 
gravic  force  is  compared,  in  the  second  the  valic  force  is 
compared. 

It  is  only  lately  in  the  history  of  the  world  that  power 
in  the  abstract  has  been  scientifically  studied.  The  mind 
of  Newton  was  among  the  first  to  disassociate  the  idea  of 
power  from  that  of  material.  He  did  this  in  the  study 
of  the  gravic  force  or  weight,  which  he  said  varied  as  the 
mass,  but  is  not  the  mass. 


13©  THK  CRASH  OP  THE  GOLD  COMBIKE. 

The  valic  force  of  commodities  may  be  said  to  vary  in- 
versely as  tlie  mass.  It  seems  to  be  a  natural  enemy  of  tlie 
gravie  force.  There  seems  to  be  put  an  enmity  between 
this  force  and  this  ''seed  of  the  serpent"  of  the  gravie  force. 

Power  has  impressed  the  mind  or  spiritual  or  powerful 
nature  of  man  from  the  beginning,  and  in  fact  all  the  re- 
ligions of  the  world  have  been  more  or  less  adorations  of 
power. 

The  God  of  man  has  advanced  the  man  of  God.  Science 
is  invariably  the  study  of  powers  and  forces  and  is  with- 
in the  province  of  religion,  nor  can  it  be  otherwise.  We 
have  only  indicated  the  subject  of  purchasing  power,  or 
valic  force.  We  leave  the  full  development  of  its  discus- 
sion to  others,  especially  to  the  professors  of  Political 
Economy  in  our  colleges,  whose  noble  mission  it  is. 

We  have  shown  that  value  may  be  considered  as  a  force. 
It  is  of  the  vital  energy  of  man.  It  resides  in  commodities 
and  relative  value  is  the  statement  of  their  comparative 
purchasing  power. 

The  valic  force  is  a  power  pervading  gold  and  diffused 
through  it  in  exact  homogeneity. 

In  parenthesis  we  remark  that  the  power  pervading 
copper  is  of  different  intensity,  wherefore  our  contention 
for  a  pure  money.  This  power  in  gold,  therefore,  in  any 
particular  trade  may  be  said  to  be  exactly  proportioned 
to  the  mass. 

This  is  the  popular  impression,  therefore,  that  value 
varies  as  weight,  but  it  is  not  exactly  true,  for  value  really 
varies  counter  to  weight.  The  valic  force  varies  counter 
to  weight. 

This,  it  seems  to  me,  brings  the  question  almost,  if  not 
quite,  into  the  domain  of  religion. 

As  the  power  of  man  increases  the  gravie  force  may  be 
said  relatively  to  decrease  and  man  was  given  dominion 


THE  CRASH  OP  THE  GOLD  COMBINE.  131 

over  tlie  earth,  being  in  tlie  image  of  the  Creator.  By  the 
strength  of  our  minds  exerted  through  steam,  etc.,  we 
carry  weights  much  easier  than  formerly. 

The  natural  sequence  of  this  reasoning  is  surprising. 
It  means  that  mind,  as  it  were,  shall  overcome  matter  and 
transportation  become  relatively  or  entirely  free. 

Does  this  refer  to  this  world,  or  the  next,  or  both? 

The  field  opened  here  is  immense  and  the  weapon  a 
double-edged  sword.  It  is  true  of  the  past  which  offers 
itself  as  testimony,  and  for  the  future  it  is  upheld  by  the 
power  of  reason. 

As  the  power  of  man  increases  the  resistance  of  what 
is  called  nature  decreases,  for  as  the  valic  force  of  man 
increases  so  does  his  dominion. 

The  gravic  force  is  opposed  to  the  valic  force.  Hence 
the  expression  what  is  the  matter,  meaning  the  mass,  the 
weight,  the  trouble.  This  discussion  we  cannot  continue, 
but  even  in  the  case  of  money  it  may  easily  be  said  the 
greater  its  weight  the  less  its  value.  For  if  to  a  mass  of 
gold  we  add  to  its  gravic  force,  or  rather  add  more  gold 
without  increasing  its  purchasing  power,  it  may  be  said 
that  its  relative  purchasing  power  has  decreased  or  be- 
come weaker.  It  has  gone  down  in  price.  Its  valic  in- 
tensity is  not  so  great.  If  we  add  to  its  purchasing  power 
without  increasing  its  weight,  it  may  be  said  to  have  in- 
creased in  intensity  and  the  gravic  force  relatively  to  have 
decreased.  We  can  pursue  no  further.  We  leave  the 
subject  to  Political  Economists,  to  Valic  Scientists.  In 
any  single  exchange  this  is  not  so  apparent  as  there  is  no 
comparison,  and  value  seems  to  vary  directly  as  weight. 

Although  the  valic  force  of  man  is  increasing  with  his 
intelligence,  it  can  no  more  make  a  pound  of  gold  out  of 
nothing  than  it  could  in  the  time  of  Moses.  It  can  no  more 
pay  the  Gold  Combine  under  the  system  of  Gold  Mono- 


132  THE  CRASH  OF  THE  GOLD  COMBINE. 

metallism  than  it  can  make  a  pound  of  gold  out  of  nothing. 
No  amount  of  sweat  under  that  system  can  relieve  it  from 
the  grasp  of  the  Gold  Monopoly,  from  the  tenacles  of  the 
European  Octopus. 

The  only  relief  lies  in  the  destruction  of  money  mono- 
poly or  the  Single  Gold  Standard.  It  is  an  artificial  sys- 
tem productive  only  of  evil.  The  remedy  will  be  as  silent, 
eflScacious  and  benign  as  the  malady  is  silent,  pernicious 
and  malign. 

The  cost  of  mining  gold  and  silver  is  no  more  a  subject 
for  governmental  solicitude  than  the  cost  of  mining  po- 
tatoes. 

We  had  intended  in  a  separate  chapter  to  review  some 
of  the  recent  works  on  money. 

The  very  meritorious  ones  are  those  of  Mr.  W.  H.  Har- 
vey. We  will  not  stop  to  take  even  a  cursory  glance  at 
the  others. 

Mr.  Harvey  has  pointed  out  the  appalling  iniquity  of 
the  gold  standard.  He  is  a  patriot  and  a  philanthropist, 
and  will  live  in  the  grateful  memory  of  mankind  when 
his  censors  are  frozen  in  forgetf ulness.  But,  Brother  Har- 
vey, why  not  have  free  silver?  Why  Siamese  this  white 
giant  to  that  contagion-colored  pigmy?  Sixteen  to  1  sim- 
ply would  prevent  silver  from  rising  away  above  16  to  1, 
which  it  could  easily  do  under  free  conditions. 

Sixteen  to  1  is  John  preaching  in  the  wilderness. 

Let  us  throw  this  yellow  devil  overboard  and  sail  the 
silver  ship  to  victory. 

It  was  said,  probably  of  nations  or  of  mankind,  that 
they  who  take  the  sword  shall  perish  by  the  sword.  Of 
nations  it  may  as  well  be  said  that  they  who  take  up  thiev- 
ery shall  die  by  thievery. 

They  that  plow  iniquity  and  sow  wickedness  shall  reap 
the  same. 


THE  CRASH  OF  THE  GOLD  COMBINE.      13^ 

Gold  Monometallism  is  thievery,  and  if  tMs  nation  per- 
sists in  this  thievery  it  must  die. 

Were  it  not  for  the  tremendous  and  increasing  strength 
of  the  anti-gold  element,  we  should  fear  that  decay  had 
already  set  in. 

Industry  has  no  favors  to  ask  of  anybody. 

If  she  will  stop  governmental  assistance  in  stealing 
she  will  get  the  reward  of  which  she  is  worthy. 

Vote  against  the  gold  gang  and  for  struggling  silver 
and  Cuba  free. 


LEAVES  FOR  THE  PROFESSORS. 

Suppose  the  weight  or  gravic  force  of  a  standard  weight 
be  called  a  Grav.  That  is  the  weight  of  the  weight  is  the 
Grav.  Suppose  the  weight  of  any  subject  as  compared 
with  this  be  called  its  gravism  and  relative  weight  or  rela- 
tive gravism  be  called  Gravence,  usually  called  density  or 
specific  gravity.  The  gravism  of  the  grav  would  be  unity. 
A  standard  of  gravence  or  graventic  standard  might  be 
selected  and  its  gravence  would  be  unity,  as  water  is  fre- 
quently taken  as  a!  standard  of  gravence.  A  table  of  the 
gravences  of  chemical  elements  would  be  a  table  of  pure 
gravences.  An  ordinary  table  of  specific  gravity  is  a  table 
of  gravences  as  compared  with  a  graventic  standard.  A 
subject  may  be  graved  or  its  gravism  ascertained  or 
weighed  as  we  say.  Were  its  volume  at  the  same  time 
known  we  would  at  once  have  its  gravence.  They  vary 
inversely.  The  more  the  volume  to  the  gravism  the  less 
the  gravence.  Valence  then  varies  as  volume.  Does  it 
show  that  as  the  volume  of  the  mind  of  man  increases 
gravism  may  be  said  relatively  to  decrease?   Other  words 


134  THE  CRASH  OF  THE  GOLD  COMBINE, 

may  be  used  symmetrically  such  as  gravid,  grave,  grav- 
able,  etc. 

Now  we  propose  to  present  a  force  and  a  new  problem 
to  scientific  investigation.  Suppose  we  take  an  account 
unit  such  as  tlie  dollar  of  tbe  U.  S.,  25.8  grains  of  minted 
gold,  and  call  its  purchasing  power  a  val.  It  is  the  value 
of  the  val  that  is  the  val.  The  purchasing  power  of  any 
subject  will  be  its  valism. 

That  is,  value  and  valism  are  the  same.  The  valism  and 
the  value  of  the  val  are  unity.  Any  subject  may  be  valed 
or  valued,  or  its  valism  ascertained,  as  is  done  in  the  mar- 
kets.   Relative  purchasing  power  will  be  valence. 

Remember  it  varies  inversely  to  gravism.  Purchasing 
power  to  be  strong  is  light.  Gravism  to  be  strong  is 
heavy.  We  can  have  a  table  of  valences  like  a  table  of 
gravences.  We  can  have  a  valentic  standard  which  in  the 
imperfect  system  of  the  U.  S.  is  9-10  gold. 

You  might  much  better  be  ordered  to  have  an  alloy  of 
gold  for  your  graventic  standard.  The  elject  would  be 
much  less  harmful. 

All  the  rules  of  other  forces  apply  to  the  valic  force  or 
purchasing  power  residing  in  money  or  any  other  valuable 
thing. 

If  our  standard  of  valence  or  rather  the  material  which 
we  use  to  carry  our  standard  of  valence  or  our  money 
should  be  weighed  by  a  weight  which  is  conformable  to 
our  standard  of  gravism  or  weight,  we  have  a  problem  or 
study  to  develop. 

We  leave  the  full  development  of  the  above  to  scien- 
tists. 

Valism  is  not  gravism,  but  varies  inversely  with  it. 
Gravism  varies  directly  and  uniformly  as  mass,  that  is,  in 
the  case  of  any  single  subject  like  gold.  We  owe  the  gold 
monopoly  gold  mass.   We  propose  to  pay  it  gold  mass.   A 


THE  CRASH  OF  THE  GOLD  COMBINE.  135 

debt  is  a  contract  for  the  delivery  of  specific  mass.  Will 
«ome  scientist  please  to  get  tlie  correlation  or  anti-relation 
of  the  above  forces  clear  and  to  express  it  in  clear,  popu- 
lar form  so  that  it  may  be  grasped  by  anybody  ?  The  proof 
of  well  expressed  truth  generally  is  that  it  is  milk  for 
babes  and  meat  for  strong  men. 

We  have  finished  our  work,  as  far  at  least  as  money  is 
directly  concerned  in  this  book,  but  a  consideration  of  the 
problem  of  money  has  led  us  into  some  reflections  whicH 
we  give  merely  as  theories  without  afiSrming  their  truth. 

Now,  then,  what  causes  the  gravic  force?  Though  it 
reside  in  matter,  its  cause,  like  that  of  the  valic  force, 
must  come  from  without.  Suppose  that  density  is  gravio 
intensity  due  to  pressure  among  atoms,  or  rather,  perhaps, 
weakness,  among  or  of  atoms.  Natural  power  and  natural 
weakness  go  together.  Wherever  there  is  relative  power 
there  is  relative  weakness.  It  is  a  question  of  relativity 
every  time.  Suppose  that  equal  weights  mean  equal  num- 
ibers  of  atoms.  Atoms  weigh  the  same  under  similar  rela- 
tive conditions.  Atomic  weights  that  are  exact  multiples 
of  hydrogen  are  under  multipularly  relative  conditions. 

Intensity  is  always  power  in  confined  space,  or  confined 
power. 

Intensity  varies  inversely  with  volume.  The  more  vol-^ 
ume  to  the  same  power  the  less  intensity. 

Suppose  that  all  free  atoms  are  of  the  same  size,  that 
free  matter  may  exist  in  smaller  size  than  a  free  chemical 
atom,  but  picks  up  its  own  with  avidity,  but  no  more,  and 
before  entering  into  chemical  union  is  atomically  perfect. 
Suppose  that  atoms  never  repel  each  other,  but  rather 
struggle  to  get  free  and  then  touch  each  other  tangent  and 
rather  attract  each  other.  This  is  the  gravic  force  which 
has  been  concentrated  in  spheres  or  centers  of  attraction. 

This  is  the  attractive  force  which  may  be  said  to  b€s 


136  ITHE  CRASH  OF  THE  GOLD  COMBINE!. 

•concentrated  at  the  centers  of  the  earth,  suns  and  planets. 
The  other  is  the  repulsive  force  and  planets  move  in  orbits 
that  are  channels  of  repulsion  as  are  the  beds  of  rivers. 

These  orbits,  usually  elliptical,  are  situated  in  planes. 
In  this  discussion  we  regard  atoms  as  spherical.  Suppose 
you  consider  hydrogen  as  the  strongest  atom  known,  and 
a  table  of  atomic  weights  to  be  a  table  of  potentivalents 
taken  inversely.  Where,  then,  do  specific  heats  and  atomic 
weights  come  in?  WTien  one  arm  of  a  scale  expresses  a 
constant  quantity,  where  is  the  other  arm? 

Suppose  we  assume  that  chemical  union  is  the  assump- 
tion of  concentricity  between  two  or  more  atoms,  and  that 
two  or  more  substances  may  occupy  the  same  space  at 
the  same  time,  forming  a  third  or  chemical  compound,  or 
are  they  but  different  powers  of  atoms  of  the  same  sub- 
stance, and  if  so,  to  what  does  it  at  last  resolve  itself? 
To  what  does  it  ultimately  dissolve?  Are  we  deceived  on 
the  subject  of  matter,  and  is  it  also  of  the  Divine  Will? 

"In  the  beginning  God  created  the  heavens  and  the 
:earth." 

Atoms  step  in  and  step  out  according  to  the  rule  of  the 
easiest  way,  not  forgetting  the  chemistry  of  different  tem- 
peratures, and  there  may  be  a  difference  in  compounds  of 
the  same  material  due  to  the  different  order  in  which 
different  atoms  stepped  in  to  make  a  compound  atom. 

The  cause  of  the  force  of  gravity  as  it  resides  in  the 
earth,  etc.,  has  to  do  with  chemism. 

Were  there  no  such  thing  as  chemical  union  our  earth, 
such  as  it  is  now,  had  never  been  formed.  Free  atoms 
touch  each  other  as  even  sized  spheres,  just  friendly  like, 
no  agitation,  as  they  have  full  room  and  their  tendencies 
are  utterly  satisfied. 

It  may  be,  however,  after  all,  that  the  atomic  theory  will 
have  to  be  abandoned  for  (me  of  defiiiite  relativity. 


THE  CRASH  OF  THE  GOLD  COMBINE.  137 

It  is  hardly  logical  to  speak  of  an  atom  as  the  smallest 
portion  of  matter  that  can  reside  by  itself,  but  if  so,  then 
all  atoms  are  of  the  same  size,  though  of  different  gravic 
intensities  or  weight,  hereby  we  get  the  correct  chemical 
law  of  definite  proportions. 

With  this  enters  the  problem  of  intercellular  or  inter- 
atomic space,  not  a  satisfactory  supposition  when  free 
atoms  or  untrammeled  gasos  are  considered.  Intensity  is 
agitation  or  power  in  confined  space.  The  motion  of  the 
planet  in  its  orbit  is  not  the  agitation  of  the  particle.  It 
possibly  quiets  that  agitation.  The  sun  appears  to  be  a 
iilowing  mass,  being  the  center  about  which  planets  move 
iLy  orbits.  The  orbital  motion  may  possibly  be  traced  to 
that  agitation  as  the  motion  of  the  street  car  may  be  traced 
to  electrical  intensity.  The  movement  of  the  suns  and 
planets  about  their  axes  and  in  their  orbits  complete  a 
celestial  balance,  and  the  rule  of  the  universe  is  motion, 
not  rest. 

These  atoms  in  this  old  airy  world  that  we  are  describ- 
ing would  be  serene.  The  temperature  might  even  be  that 
of  absolute  cold,  but  no  frost.  These  free  atoms  all  to- 
gether weighed  nothing.  If  it  were  possible  to  put  ail  the 
worlds  into  one  ball  it  would  weigh  nothing.  No  place  to 
weigh  it  from. 

It  would  be  impossible  to  put  it  in  one  ball,  resting  aev- 
enely  in  space,  except  by  an  ultra  action  of  the  Divine 
Mind. 

If  the  motion  of  planets  and  suns  about  their  axes  and  in 
their  orbits  were  suddenly  stopped,  matter  would  instant- 
ly fly  out  into  the  world  we  are  describing. 

That  old,  cold,  dark,  inert  expansion  was  changed  lulu 
this  active  world  with  heat  and  light  and  life,  solid  spheres 
:iud  motion  orbital  and  axial. 

Heat  and  light  were  the  first  manifestation^  -''  •  '  ^'    ' 
This  must  come  from  chemical  union. 


138  THE  CRASH  OF  THE  GOLD  COMBINE. 

*^Let  there  be  light."  "The  world  was  without  form 
and  void  and  darkness  was  on  the  face  of  the  deep."  A 
gaseous,  formless,  dark  immensity. 

As  this  world  cooled,  as  thej  say,  but  rather  warmed 
and  solidified,  the  curtain  went  up  and  the  fun  began. 

You  cannot  cool  a  world  or  celestial  sphere,  no  place  to 
cool  it  to. 

The  sun  does  not  lose  the  heat  of  the  power  of  the  value 
of  a  cent,  and  will  continue  at  equal  rate  to  glow  forever, 
warming  the  earth  and  working  for  man,  world  without 
end. 

Free  atoms  have  no  disposition  to  enter  into  chemical 
union.   They  only  do  that  when  they  cannot  do  otherwise. 

Chemical  union  began,  oxygen  stole  carbon,  and  prob- 
ably the  usual  order  was  reversed. 

If  you  are  a  perfect  <5hemist  you  can  tell  exactly  what 
happened  as  the  process  of  solidification  went  on,  for 
there  was  a  regular  order. 

There  is  one  sure  thing,  there  is  no  carbon  nor  carbonic 
compound  far  from  the  surface  of  the  earth.  There  are 
several  other  sure  things  too  numerous  to  mention  here. 
lYou  may  make  a  list.  Has  this  carbonic  fact  and  many 
others  anything  to  do  with  Design  ?   We  are  for  Design. 

Anybody  that  is  anybody  will  be  on  one  side  or  the 
other,  and  the  Titanic  battle  will  be  fought  to  the  foot  of 
the  throne. 

There  are  no  mysteries  in  nature.  It  is  an  open  book. 
The  unknown  is  knowable  and  to  man  will  yet  be  known. 
The  suns  and  planets  did  not  fly  off  from  anywhere. 
Nature's  God  does  not  deal  in  convulsions,  is  neither  a 
violent  nor  an  angry  God.    He  takes-  the  easy  way. 

These  various  planets  took  their  right  amount  of  atoms 
and  their  right  distance  from  the  suns  or  fixed  stars  as 
easy  as  mnid  cracks  and  assumed  their  positions  for  the 


THE  CRASH  OF  THE  GOLD  COMBINE.  13d 

dance.  We  may  suppose  that  the  "morning  stars  sang  to- 
gether,'^ while  the  planets  kept  time  to  the  music.  In 
heavenly  harmony  this  universal  frame  began.  From  har- 
mony to  harmony  through  all  the  compass  of  the  notes  it 
ran. 

The  gravic  force  of  the  earth  is  like  a  light  at  its  center, 
but  there  is  no  gravic  shadow,  and  what  its  rays  do  not  hit 
they  do  not  pull.  The  sun  and  earth  pull  each  other  prob- 
ably with  far  less  force  than  is  commonly  supposed.  The 
sun  and  earth  are  concerned  in  two  long  cones.  One  cut 
out  of  the  earth  by  rays.from  the  center  of  the  earth  to  the 
edge  of  the  sun's  disk.  The  other  cut  out  of  the  sun  by 
rays  from  its  center  to  the  edge  of  the  earth's  disk.  This 
forms  a  double  cone  with  apices  at  these  respective  cen- 
ters and  bases  in  space.  Distance  or  time  has  nothing  to 
do  with  the  exertion  of  the  gravic  force  of  the  earth  or  the 
sun.  It  acts  instantly  at  unutterable  distances,  like  the 
Divine  Will. 

Time  and  distance  are  one  in  a  mental  science  not  yet 
unfolded.  Distance  has  something  to  do  with  its  dispersion 
through  space  from  a  gravic  center.  Like  light  this  force  is 
dispersed  through  space  by  the  rule  of  cubes  and  over  sur- 
faces by  the  rule  of  squares.  The  disks  of  the  celestial 
spheres  we  call  surfaces.  We  have  much  to  say,  but  no 
space.  We  have  not  considered  the  force  of  repulsion  or 
eentripetal  force  whose  beginning  dates  from  the  same 
time ;  that  is,  as  we  understand  it.  For  both  forces  exist- 
ed in  this  airy  world,  but  their  operation  is  now  different. 
There  is  much  to  say,  and  all  forces,  including  the  valic 
force,  may  be  considered  as  drawn  from  the  same  fountain. 
We  do  not  conceive  our  earth  when  formed  as  having 
stewed  for  Eons,  but  as  being  ready  for  business  almost  at 
once.  We  had  an  atmosphere  supercharged  with  carbon, 
which  was  laid  away  in  sea  shells,  lime-beds  and  vast  de- 


140  THE  CRASH  OP  THE  GOLD  COMBINE 

posits  of  coal.  For  a  rank  vegetation  soon  began,  and 
we  have  now  establislied  tlie  equilibrium  between  animal 
and  vegetable  life.  Animal  life  began  and  we  are  told 
of  tlie  development  of  the  valic  force  in  the  story  of  the 
Garden  of  Eden,  w<hich  we  have  not  here  the  time  to  tell. 
The  serpent  has  ever  bruised  our  hee4  as  our  knowledge 
has  expanded,  and  as  our  desires  have  been  satisfied  we 
have  bruised  his  head.  This  will  go  on  continually  till  we 
are  perfected,  when  we  shall  forever  bruise  his  head.  The 
wonderful  story  of  the  Garden  of  Eden  is  utterly  conform- 
able to  the  theory  of  'development,  so  ably  presented  by 
Darwin.  He  who  ruthlessly  rejects  t'he  value  of  prophecy 
must  beware.  The  sword  of  Reason  in  the  hand  of  Faith 
is  a  weapon  of  terrific  power,  and  it  cuts  clean  and  true. 

We  believe  that  'Moses  tells  the  whole  story  right,  Gar- 
den of  Eden  and  all.    The  mistakes  are  Brother  Bob's. 

There  never  was  any  flood,  nor  any  twelve  tribes  of 
Israel.  The  flood  separates  or  demarcates.  The  twelve 
tribes  represent  the  history  of  man  and  different  condi- 
tions or  characters  of  men.  The  twelve  sons  were  twelve 
months  for  all  time,  or  thirteen  moons  if  we  interpolate 
the  seventh  child  a  daughter  Dinah.  Moses  was  the  in- 
spired prophet  of  Christ,  who  was  the  Word,  made  flesh 
and  prepared  the  way  for  Shiloh  or  rest  or  the  era  of 
peace  about  to  dawn,  and  which  will  dawn  with  the  Crash 
of  the  Gold  Combine.  That  word  was  in  the  beginning. 
It  was  the  word  that  said,  Let  there  be  light  See  John, 
Chap.  1. 

Christ  was  not  so  much  of  Judah  as  of  Joseph.  "From 
thence  is  the  shepherd  the  stone  of  Israel." 

Joseph  represented  Freedom,  Industry  and  Wealth; 
Judah  Monopoly,  Despotism  and  Poverty. 

"The  scepter  shall  not  depart  from  Judah  nor  a  law^ 
giver  from  between  his  feet  until  Shiloh  come  and  unta 


THE  CRASH  OF  THE  GOLD  COMBINE.  141 

him  shall  the  gathering  of  the  people  be."  That  is,  unto 
Shiloh  or  Peace  or  Christ. 

The  blessings  were  eventually  to  be  upon  the  head  of 
that  dreamer  Joseph.  "Unto  the  uttermost  bounds  of  the 
everlasting  hills."  "And  on  the  crown  of  the  head  of  him 
who  was  separate  from  his  brethren."  This  last  may  also 
mean  Christ.    See  Genesis,  Chap.  49. 

Christ  came  not  to  destroy  the  law,  but  to  fulfill  it.  The 
churches  of  the  world  are  coalescing.  The  law  of  truth 
and  kindness  must  yet  be  universal. 

Before  closing  we  will  say  that  we  believe  the  rules  of 
the  valic  force  to  be: 

1st.    The  valic  force  varies  inversely  as  the  gravic  force. 

2d.  This  force  when  undisturbed  by  arbitrary  mone- 
tary laws  tends  to  diffuse  itself  equably  through  all  com- 
modities. 

3d.  Under  the  operation  of  the  single  gold  standard 
this  power  or  force  is  perverted  or  unjustly  diverted  into 
the  hands  of  the  money  monopoly. 

We  assert  the  absolute  truth  of  none  of  the  above.  They 
are  submitted  for  your  consideration.  The  only  thing  we 
mean  to  deeply  impress  is  the  importance  of  the  problem 
at  the  beginning.  We  know  little  of  science  and  only 
come  over  into  your  camp  to  get  you  to  help  destroy  the 
money  monopoly,  a  duty  we  believe  incumbent  upon  every 
scholar. 

This  done  you  will  see  a  greater  advance  in  science  and 
civilization  in  ten  years  than  we  have  seen  in  the  last  hun- 
dred.   We  have  finished  for  the  present. 

We  have  only  one  thing  more  to  say,  and  that  to  every 
reader.  If  you  think  this  book  worthy  you  will  do  the 
author  a  favor  by  helping  to  disseminate  it  over  the  crags 
and  through  the  vales  and  across  all  the  plains  of  a  suffer- 
ing, tax-ridden,  debt-burdened,  tyrannized  world. 


142  THE  CRASH  OF  THE  GOLD  COMBINE. 


THE  GARDEN  OF  EDEN. 

As  our  statement  concerning  the  Garden  of  Eden  may 
be  regarded  as  wild,  we  submit  a  few  facts. 

Male  and  female  created  he  them;  Adam  called  he  him. 
Adam,  our  first  ancestors,  were  placed  in  the  Garden  of 
Eden,  and  were  fruit  eaters  who  lived  off  the  products  of 
Nature.  There  was.  the  tree  of  life  and  also  the  tree  of 
knowledge  of  good  and  evil,  that  is  of  mental  develop- 
ment, of  discernment,  of  reason,  of  liberty.  The  rivers 
may  have  been  the  four  occupations  of  men  and  the  result 
commerce  or  interchange,  for  they  all  united  in  one  as 
they  flowed  out. 

He  should  not  eat  of  the  tree  of  knowledge  lest  he  should 
die.  Through  his  affections  and  ambitions  he  did  eat  of 
the  fruit  thereof,  for  man  never  began  a  stroke  of  work 
or  made  any  advance  were  it  not  to  please.  Love  makes 
the  world  go  round. 

Before  this  man  had  the  beginning  of  speech  he  named 
the  animals.  A  deep  sleep  fell  upon  Adam,  that  is,  they 
did  not  progress  until  the  natural  institution  of  marriage 
or  mating,  which  we  regard  as  promiscuous  before.  Their 
eyes  were  opened,  they  progressed,  became  more  modest, 
began  to  make  clothing  of  plants,  etc. 

Toward  the  evening  of  this  state,  the  fall  of  this  year, 
they  hid  themselves  or  made  homes  as  separate  families. 
Eve  did  not  fall  any  more  than  Adam.  They  winter, 
spring,  summer  and  fall  together.  We  are  glad  to  have 
been  able  to  refute  this  slander  against  our  innocent 
mother  Eve.  A  toast  to  the  ladies,  with  long  life,  love  and 
success.  This  apple  of  discord  is  removed  and  may  the 
black  lie  stick  in  the  slanderer's  throat.  They  were 
blessed,  not  oursed.    As  man  enjoys  so  does  he  suffer. 


THE  CRASH  OF  THE  GOLD  COMBINE.  143 

Tliorns  and  tMstles  shall  it  bring  forth  to  thee.  Thistles 
are  edible.  He  is  now  no  longer  a  fruit  eater,  but  eats 
of  the  herb  of  the  field. 

His  commissary  has  extended  and  this  points  to  the  in- 
vention of  fire.  Also  he  made  coats  of  skins,  probably  ate 
flesh. 

Behold,  the  man  has  become  as  one  of  us,  that  is,  as  we 
are  as  men  are,  and  lest  he  put  forth  his  hand  and  take 
also  of  the  tree  of  life  and  eat  and  live  forever;  that  is, 
revert  or  cease  to  advance,  he  was  sent  forth  from  the 
Gmrden  of  Eden,  or  from  this  primeval  state,  to  till  the 
ground.  Of  this  early  agriculture  we  have  the  record  of 
the  banana,  plantain,  sugar  cane,  bread  fruit,  etc.,  or 
ancient  universal  seedless  plants  and  some  others.  The 
use  of  fire  was  the  flaming  sword  that  turned  every  way 
to  guard  him  from  the  tree  of  life,  to  keep  him  from  revert- 
ing and  to  disseminate  him  over  the  earth.  The  flaming 
sword  hath  turned  every  way  from  pottery,  metallurgy, 
chemistry,  even  unto  the  steam  engine  and  the  science  of 
electrics.  With  the  invention  of  pottery  came  the  first 
tremendous  advance.  Then  naturally  came  salt  making, 
preserving,  etc.  The  next  immortal  step  was  tin  and  cop- 
per or  bronze.  With  that  came  our  beautiful  friend,  the 
horse,  saddled,  with  a  lanced  warrior  for  a  rider.  The  ox 
was  yoked  and  man  made  well-made  boats. 

In  the  sweat  of  thy  face  shalt  thou  eat  bread,  not  starve 
for  the  benefit  of  gold  monopoly,  nor  plow  the  fields  of  the 
West  nor  ply  the  looms  of  the  East  without  advance. 
Nor  shouldst  thou,  willing  and  anxious  to  work,  go  hungry 
and  shelterless  at  the  base  of  the  statue  of  Christopher 
Columbus  and  in  the  shadow  of  Columbia's  Statue  of  Lib- 
erty. 

That  thou  doest  so  is  largely  on  account  of  thy  sin  in  sus- 
taining with  thy  vote  and  voice  this  ancient  fraud  of 
monoT  monopoly. 


144  THE  CRASH  OF  THE  GOLD  COMBINE. 

Man's  first  work  was  f ood^  the  next  shelter,  the  next 
sheep  raising,  which  again  was  supplanted  by  planting 
and  hunting.  Cain  killed  Abel.  He  then  went  into  the  land 
of  Nod  and  wandered  over  the  face  of  the  earth,  a  hunter 
and  desultory  planter.  Then  Seth  rose  in  the  place  of 
[A.bel,  etc. 

The  tree  of  life  is  the  theory  of  development,  to  eat  of 
if  is  to  retard  its  growth. 

The  tree  of  knowledge  is  Reason.  Man  should  eat  of  its 
fruit,  but  not  destroy  the  tree.  The  tree  is  the  tree  of 
[Liberty. 

In  the  story  of  the  Garden  of  Eden  no  devil  nor  apple 
was  mentioned.  No  sin  was  committed,  nor  was  man 
cursed,  nor  did  he  fall,  and  it  is  plainly  indicated  that  his 
advance  is  due  to  female  influence. 

Adam  was  the  name  of  the  human  race  or  of  man. 


POLITICS. 

Ethics  is  the  science  of  morals  or  morality. 

Politics  is  grand  ethics.  It  comes  within  the  province  of 
religion,  and  these  matters  of  governmental  policy  are  sub- 
jects of  humane  publicity,  of  Catholic  benignity,  of  Chris- 
tian endeavor.  There  can  be  no  disseverance  of  Science, 
Politics  and  Religion,  and  ills  come  from  efforts  to  separate 
the  inseparable. 

Sinning  is  but  missing  the  mark,  moving  in  the  wrong 
direction,  making  character  on  the  wrong  side.  It  is  not 
conscience,  but  contrascience.  The  attempt  to  dissever 
Science,  Politics  and  Religion  but  leads  to  discord,  confu- 
sion and  darkness. 


THE  CRASH  OF  THE  GOLD  COMBINE.  145 

We  are  taught  by  old  philosophers  that  man  has  a 
moral,  a  mental  and  a  physical  nature,  but  as  a  matter  of 
fact  he  has  only  a  mental  and  a  physical  nature,  for  the 
science  of  morals  is  of  the  science  of  the  mind  and  inclu^ 
sive  within  it. 

Man  has  a  mental  and  a  physical  nature,  or  rather,  in 
fact,  a  spiritual  nature  and  an  earthly  body. 

This  latter  is  destitute  of  sensation.  It  feels  no  pain, 
enjoys  no  pleasure,  and  in  the  material  sense  only,  it  maj^ 
be  said  to  be  a  brother  of  the  insensible  clod  of  which  it 
was  written,  "Dust  thou  art,  to  dust  returnest." 

The  constitution  of  a  good  government  is  easily  written. 
It  consists  of  two  words,  Morality  and  Humanity.  This  is 
shown  in  the  22d  chapter  of  Matthew :  ^'Thou  shalt  love 
the  Lord  thy  God  with  all  thy  heart,  with  all  thy  soul  and 
with  all  thy  mind."  "This  is  the  first  and  great  command^ 
ment."  "And  the  second  is  like  unto  it:  Thou  shalt  love 
thy  neighbor  as  thyself." 

"On  these  two  commandments  hang  all  the  law  and  the 
prophets."    They  do. 

The  first  we  must  suppose  to  be  to  love  truth,  justice 
and  knowledge.    This  is  certainly  of  science. 

The  first  inculcates  morality,  the  second  humanity.  This 
is  religion. 

"Whoso  looketh  into  the  perfect  law  of  liberty"  will 
discover  that  they  are  practically  the  same.  The  second 
is  the  practical  application  of  the  first. 

There  can  be  no  sin  against  God  except  that  which  be 
sin  against  humanity  or  against  man. 

When  our  worthj^  legislators  frame  laws  on  these  easy: 
lines  there  will  be  a  wonderful  simplification  in  legislai 
tion,  and  it  will  be  found  that  many  questions  may  be  set-* 
tied  by  the  abolition  of  pernicious  laws.   Such  a  question- 


146  THE  CRASH  OF  THE  GOLD  COMBINE. 

IS  the  money  question.  Upon  the  same  line  has  the  ques- 
tion of  creed  already  been  settled. 

Law,  we  suppose,  should  be  intended  to  protect  the 
right. 

However,  the  name  protection  frequently  will  be  quick- 
ly seen  to  be  the  lambswool  cloak  of  the  wolf,  the  pass- 
word of  the  thief,  the  lure  of  the  dissembling  assassin,  the 
treacherous  light  of  the  professional  wrecker. 

Morality  and  politics  have  more  to  do  with  each  other 
than  is  usually  allowed,  and  after  all  politics,  religion  and 
political  economy  are  nearer  together  than  has  ever  been 
openly  avowed. 

These  things  would  become  quickly  plain  if  nations 
could  give  up  the  murderous  idea  of  war.  War  is  grand 
murder.  It  is  the  destroying  of  humanity,  even  of  the  vital 
power  of  which  we  have  written.  It  is  the  eating  of  the 
tree  of  life.  There  is  now  a  loud  voice  for  war  throughout 
two  great  countries  and  a  poising  of  diplomatic  or  political 
chips. 

Patriots  on  both  sides  of  the  pond  should  remember  that 
there  would  be  nothing  good  in  it  for  them.  Working- 
men  will  be  simply  put  up  to  kill  each  other  and  the  un- 
fortunate survivors  will  be  left  to  replace  the  destruction 
and  to  sweat  for  the  maimed,  widows  and  the  orphans, 
while  the  gold  gang  battens  upon  consequent  debt. 

Moreover,  women  especially  may  take  it  to  heart  that 
there  is  no  reparation  for  the  lives  of  lost  loved  ones,  nor 
for  the  tears  of  the  bereft. 

We  do  not  say  that  wars  are  not  sometimes  just.  Very 
just,  indeed,  for  we  are  no  advocate  of  the  abject  peace  of 
slavery,  but  are  of  the  peace  of  power.  It  follows  that  if 
a  war  be  just  upon  one  side  it  must  be  unjust  on  the  other. 
It  has  become  the  duty  of  just  men  then  to  take  the  sword, 
and  when  they  have  done  so  they  have  frequently  wielded 


THE  CRASH  OF  THE  GOLD  COMBINE.  147 

it  with  more  than  savage  ferocity  and  have  usually  been 
formidable  combatants  in  every  age  of  the  world. 

The  hedge  parson  was  never  able  to  number  more  than 
50,000  men  among  his  adherents,  but  these  fanatical  iron- 
sides overran  all  they  met. 

There  are  several  times  this  number  of  men  on  the 
streets  of  Chicago,  and  many  millions  more  in  these  U.  S. 
of  as  good  as  Cromwell  ever  led,  who,  were  this  modern 
revolution  a  case  of  bloodshed,  could  be  enlisted  to-mor- 
row, and,  by  Heaven,  there  are  as  good  leaders  ready  to 
oommand. 

There  is  this  difference:  Cromwell's  revolution  was  of 
a  small  minority.  This  one  already  probably  numbers  a 
majority,  and  their  victory,  did  it  depend  upon  arms,  could 
be  assured  in  twenty-four  hours.  Let  no  man  be  deluded 
into  thinking  this  sleeping  volcano  has  no  heart  of  fire. 
Could  the  conditions  in  these  U.  S.  be  made  perfect  by 
the  immediate  slaughter  of  one-half  of  its  inhabitants  it 
were  a  cheap  victory  and  could  be  bought  quickly.  This 
is  a  campaign  of  education  and  evolution.  Violent  revolu- 
tion is  but  the  consequence  of  repressed  evolution,  and 
revelation  is  but  an  advanced  view  of  evolution. 

The  doctrine  of  obedience  implies  the  doctrine  of  dis- 
obedience. Obedience  to  right  and  disobedience  to  wrong 
and  that  resistance  to  tyranny  is  obedience  to  God.  This 
great  modern  revolution  is  a  moral  one. 

This  is  said  to  be  an  irreligious  age,  but  it  distinctly 
is  not.  It  is  the  most  intensely  religious  age  that  the 
world  has  ever  seen,  and  the  chaff  that  has  covered  the 
pure  truth  is  being  blown  and  burnt  away.  There  is  less 
expounding  of  dogma  and  more  impounding  of  spiritual 
truth  than  there  has  ever  been  before. 

We  suppose  that  the  reward  of  labor  is,  or  should  be, 
wealth.   A  man  who  in  an  economic  argument  in  the  great 


148  THE  CRASH  OF  I^HE  GOLD  COMBINE. 

Forum  Magazine  speaks  lightly  of  the  large  body  of  our 
patriotic  citizens,  even  of  the  productive  and  industrious 
masses  of  this  country,  and  who  goes  out  of  his  way  to 
sneer  at  ^  Weary  Waggles"  is  little  impressed  with  the  fact 
that  the  wealth  of  the  country  is  not  in  the  hands  of  those 
who  earned  it,  nor  is  it  moving  that  way.  He  cannot  be 
expected  to  inquire  the  reasons  that  lay  at  the  bottom  of 
this  very  unjust  distribution.  He  can  hear  no  cries  of  dis- 
tress. He  feels  no  other's  pain.   He  sees  no  suffering  faces. 

He  can  have  little  sympathy  for  the  efforts  of  the  Divine 
Tramp;  the  worn  and  watchful  Teacher;  the  weary,  san- 
daled, suffering  fugitive  of  Gethsemane;  the  harried,  buf- 
feted butchered  martyr  of  Calvary,  who  with  his  pitiful 
little  band  of  beleaguered  reformers  was  set  upon  in  the 
agony  of  that  black  night  by  a  gang  of  Pinkerton  hireling 
thugs,  or  company  of  the  Miles'  infantry,  and  who  there 
sought  to  impress  the  lesson  that  they  who  take  the  sword 
shall  die  by  the  sword,  which  nearly  2,000  years  has  not 
quite  inculcated,  but  the  kingdom  of  Israel  must  be  planted 
in  the  peace  that  was  left  unto  us. 

He  was  betrayed  into  the  hands  of  his  captors  by  a  volun- 
tary detective  and  thief,  who,  this  latter  we  say  only  inci- 
dentally, was  also  a  financier. 

Is  there  anything  typical  in  this  latter  fact?  Does  the 
fact  that  there  were  twelve  apostles  for  the  months  of  the 
year  and  thirty  pieces  of  money  for  the  days  of  the  month 
typify  anything?  Is  there  anything  typical  in  the  fact  that 
he  was  the  only  one  of  the  apostles  who  did  not  receive  the 
divine  blessing,  or  that  Christ  waited  till  he  was  gone  out 
of  the  room  before  he  said :  "Now  is  the  Son  of  Man  glori- 
fied, and  God  glorified  in  him''?  John  xiii.,  31.  "And  he 
cast  down  the  pieces  of  silver  in  the  temple  and  departed 
and  went  and  hanged  himself"  (perhaps  on  the  single  gold 
standard).    Matthew  xxvii.^  5;  or  that,  falling  from  here. 


THE  CRASH  OF  THE  GOLD  COMBINE.  149 

his  bowels  gushed  out  (perhaps  against  the  theory  of  Henr;y; 
George) ;  or  that  this  man  Judas  had  obtained  part  of  the 
ministry.  Acts  i.,  17.   We  think  it  is  time  it  were  ended. 

The  crime  of  the'  crucifixion  was  not  brought  about,  as  is 
wrongfully  said,  by  the  Jewish  people,  for  Christ  was 
dearly  beloved  by  the  Jewish  people.  It  was  brought 
about  by  the  Jewish  church  or  hierarchy,  for  that  was  a 
government  within  a  government.  We  have  no  prejudice 
against  the  Jews,  very  much  to  the  contrary.  The  Jews 
of  the  U.  S.  can  have  no  sympathy  for  the  money  conspiracy 
that  is  bringing  the  country  into  distress  and  poverty. 

Christ  was  not  murdered  as  you  might  say,  but  was  duly 
tried  and  executed  by  the  Romans,  or  the  Roman  govern- 
ment, for  there  was  a  government  within  a  government. 

He  was  not  the  first  nor  the  last  legal  political  victim. 

He  was  not  executed  as  a  religious  reformer  so  much  as 
a  political  rebel.  Among  other  things  such  he  was,  and 
the  greatest  of  all  time,  as  he  also  was  the  Prince  of  Peace 
and  Political  Economists.  He  pointed  out  the  way,  the 
truth  and  the  life.  He  gave  a  new  commandment,  "That 
ye  love  one  another/'  John  xiii.  If  this  does  not  mean 
justice  or  humanity,  what  does  it  mean?  He  left  us  a 
"Comforter,"  which  is  the  "Spirit  of  Truth."  John,  chaps, 
xiv.  and  xv.    If  this  be  not  Science,  what  is  it? 

In  the  crucifixion  women  waited,  women  watched, 
women  wailed  and  women  prayed.  With  unerring  in- 
tuition they  knew  in  Whom  they  had  a  Friend,  and  they 
were  not  mistaken.  Since  then  they  have"  clung  to  the  foot 
of  the  cross  with  undying  zeal,  while  blood  in  torrents  has 
flowed  from  that  rock  that  is  the  faith  and  the  character 
of  Peter,  inspired  by  the  love  and  the  light  that  is  John. 

We  have  endeavored  to  win  our  brethren  of  the  churches 
over  to  this  reform^  and  we  certainly  will  succeed  even 


150  THE  CRASH  OF  THE  GOLD  COMBINE. 

though  the  story  of  the  Garden  of  Eden  be  in  contrariety  to 
accepted  dogma. 

Kemember,  there  were  two  trees  in  the  Garden  of  Eden, 
one  of  Science  and  the  other  of  Evolution. 

Surely  a  religion  that  bases  itself  within  the  theory  of  de- 
velopment, leads  up  to  the  love,  the  philosophy,  the  grand- 
eur and  the  glory  of  Christ  and  then  calls  for  endeavor  and 
incites  and  inspires  to  advance,  while  holding  out  eternal 
promise  and  persuading  by  past  accomplishment,  is  more 
inspiring  and  ennobling  and  consoling  than  one  that  be- 
gins with  the  injustice,  the  hatred,  the  revenge  of  a  God 
and  the  theory  of  the  fall  of  a  woman  and  traces  an 
imaginary  trailing  stain,  ending  in  the  purifying  power  of 
a  puddle  of  innocent  blood  murderously  shed. 

Such  blood  can  cleanse  no  guilty  stains.  The  symbol 
of  the  cross  would  be  altogether  an  emblem  of  horrid 
cruelty,  were  it  not  that  it  rather  typifies  the  character 
of  the  Crucified  One  and  reminds  of  the  duty  of  dispersing 
the  dreadful  darkness  that  could  lead  to  such  inhumane, 
such  devlish  accomplishment,  but  Father  forgive  them,  for 
they  know  not  what  they  do.  To  preach  Christianity  is  to 
preach  Christ  not  crucified. 

We  contend  that  Eve  was  as  good  a  woman  as  the  times 
afforded,  but  at  the  same  time  we  contend  that  even  before 
the  so-called  fall  (which  never  occurred  except  it  be  the  fall 
from  a  tree),  she  was  probably  in  no  wise  as  good  a  woman 
as  the  modern  Eve  whom  time  has  improved  and  de- 
veloped. 

In  the  story  of  the  Garden  of  Eden  there  were  placed 
Cherubim  (plural  of  Cherub).  Now  the  word  Cherub  is 
translated  blessing,  and  sometimes  power,  and  then  again 
mystery,  and  they  were  represented  of  different  shapes  to 
typify  this  latter  idea.  They  also  typified  knowledge  and 
perhaps  love^  for  the  mercy  seat  of  the  Jewish  Ark  and 


THE  CRASH  OF  THE  GOLD  COMBINE.  151 

Temple  was  placed  between  two  Cherubim  looking  to- 
ward each  other.  Exodus,  xxiv. 

In  European  painting  they  were  painted  blue  to  repre- 
sent knowledge,  and  perhaps  the  blue  comes  from  the 
azure  heavens. 

We  believe  the  word  comes  from  a  root  containing  the 
idea  to  bless,  to  love,  to  cherish. 

They  never  were  of  the  avenging  or  cruel  sort,  but  ever 
were  of  the  lovely  or  lovable  order,  and  are  frequently 
represented  as  the  winged  heads  of  beautiful  children, 
the  pretty,  sweet,  kindly  fancies  of  a  pleasant  mind.  Also 
they  are  represented  as  beautiful  winged  children.  A 
Cherub  then  is  not  so  far  from  a  Cupid,  and  womanly 
women  know,  though  they  be  not  in  love,  that  in  their 
secret  hearts  they  are  usually  in  love  with  love.  A  higher 
compliment  could  not  be  paid  to  women,  or  rather  a  more 
graceful  truth  there  could  not  be,  for  it  is  here  the  power 
lies  which  they  have  had  from  the  beginning,  and  from 
them  it  will  never  be  taken. 

What  advantage  there  can  be  gained  by  the  desperate 
attempt  to  prove  their  great  prototype  to  have  been  the 
cause  of  a  general  natural  damnation  is  something  we 
have  never  been  able  to  understand.  Moreover,  it  is  a  pe- 
culiarly unfortunate  fact,  for  the  advocates  of  this  theory, 
that  its  zealous  supporters  cannot  sustain  it  by  any  sys- 
tem of  logical  argument,  nor  can  we  see  the  necessity  of 
such  a  hell-born  boon  in  any  scheme  of  enlightened  re- 
ligion. 

Our  Cherubim  and  flaming  sword  of  Eden  (pleasant- 
ness) rather  resolves  itself  into  a  picture  of  Love,  Knowl- 
edge and  Power,  with  a  flaming  sword,  or  rather  a  bright, 
benignant  light,  turning  in  every  direction  or  lighting 
every  place,  to  typify  human  dispersion  and  advancement, 
while  its  benevolent  guardians,  wishing  blessings  upon 


152  THE  CRASH  OP  THE  GOLD  COMBINE. 

the  human  race,  give  assurance  of  abundance  and  plenty, 
and  that  there  is  room  and  enjoyment  for  every  industrious 
man  who  may  be  born  into  the  world,  through  the  promise 
that  thi^ough  his  efforts  he  shall  find  subsistence. 

This  is  a  very  ancient  Bartholdic  group  of  Liberty  light- 
ing the  world,  of  the  lamp  in  the  hand  of  Kindness,  of  the 
sword  of  Reason  in  the  hand  of  Love,  of  Humanity  and 
Liberty,  one  and  inseparable,  now  and  forever. 

It  forms  a  striking  contrast  to  the  picture  of  a  divinely 
posted  angel  of  wrath,  of  gigantic  stature,  murderous  pos- 
sibilities and  a  fearful  weapon,  balefully  gazing  at  two 
cowering  naked  sinners,  divinely  caught  in  a  divine  trap, 
condemned  to  life-long  toil  and  suffering  and  retreating  in 
sorrow,  shame  and  disgrace  into  a  wide,  wide  world. 

"And  the  man  said,  the  woman  thou  gavest  to  be  with 
me  she  gave  me  of  the  tree  and  I  did  eat." 

This  admits  of  three  explanations.  The  first  is  the  com- 
monly accepted  one,  the  sneaking  desire  of  Adam  to  throw 
all  the  blame  and  the  consequent  punishment  upon  the 
woman. 

The  second  is  rather  a  reproach  and  a  reflection  of  the 
blame  upon  the  Creator.  As  much  as  to  say,  considering 
the  surpassing  influence  of  the  companion  thou  gavest  me, 
how  could  I  help  it?  Any  one  who  has  noticed  the  beauty 
of  the  Evic  contour  in  any  approved  artistic  representation 
of  this  first  eviction  will  be  constrained  to  say,  Certainly, 
Adam  is  right,  how  could  he  help  it? 

The  third  contains  no  reproach  and  is  reasonable  and 
creditable,  therefore  why  not  credible?  As  reason  is  the 
cause  of  human  advance  or  progress,  and  as  advance  is  the 
fruit  of  knowledge,  it  follows  that  this  was  a  compliment, 
or  rather  a  deserved  tribute,  to  this  lovely  companion  as 
being  the  immediate  occasion  of  this  advance,  or  of  bless- 
ings and  wealth,  as  well  as  an  acknowledgment  or  expres- 


'THE  CRASH  OF  THE  GOLD  SOMBINE.  153 

jBion  of  gratitude  to  the  Creator  as  being  the  benignant 
cause. 

There  are  other  deeper  and  more  startling  truths  en-" 
veloped  in  the  story  of  the  Garden  of  Eden  and  of  Adam. 
If  in  what  has  preceded  we  have  not  shown  everything  we 
have  at  least  shown  a  great  deal,  nor  have  we  perverted 
the  text. 

We  make  our  usual  appeal  to  every  good  citizen  without 
distinction  of  color,  race  or  condition  to  vote  against  the 
goldites. 

We  assert  that  it  is  a  duty  that  every  true  patriot  owes 
to  himself,  to  humanity,  to  his  country,  and  to  his  God. 


BRIC-A-BRXC. 

Mint  regulations  and  monetary  law  are  two  different 
things.  When  we  say  that  the  valic  force  or  value  is  a 
force  working  directly  contrary  to  the  gravic  force  or 
weight,  we  mean  exactly  what  we  say,  and  the  more  it  is 
studied  the  more  it  will  be  seen  that  it  is  more  than  a  wild 
theory.  If  this  has  not  been  observed  before  we  can  only 
say  that  it  took  a  long  time  to  discover  the  theory  of  gravi- 
tation. 

When  we  say  that  in  exchange  by  weight,  relative  value 
indicates  relative  valic  intensity  or  the  relative  intensity 
of  value,  we  state  a  fact,  a  condition,  a  truth. 

Science  is  very  poetical  or  poetry  is  very  scientific,  and 
the  "weight  of  woe,"  "a  heavy  heart,"  "a  light  heart,"  "a 
weighty  matter,"  "bowed  down  by  grief,"  etc.,  are  scien- 
tific expressions  of  spiritual  fact. 


154  THE  CRASH  OF  THE  GOLD  COMBINE. 

Man  should  be  the  happy  animal,  and  when  burdens  be 
taken  from  his  mind  this  is  quickly  shown  and  herein  lies 
the  potence  of  narcotics  and  liquors. 

"Give  him  strong  drink  until  he  wink. 
That's  pressed  by  grief  and  care. 
The  liquor  good  will  iire  his  hlood. 
That's  sinking  in  despair. 
Let  him  hooze  and  deep  caroose, 
In  bumpers  flowing  o'er, 
Till  he  forgets  his  grief  and  debts, 
And  minds  his  ills  no  more." 

Our  temperance  ladies  will  find  that  if  the  potent  causes 
of  intemperance  or  drunkenness  be  removed  their  work 
will  be  made  very  light.  It  is  the  good  we  wish  to  save, 
not  the  perverse. 

Man  is  not  inclined  to  evil  as  the  sparks  to  fly  upward, 
but  very  much  to  the  contrary.  If  it  were  not  so,  there 
could  be  no  hope.    The  doctrine  of  despair  is  nonsense. 

Darkness  is  ignorance.  Debt  is  sin.  Happiness  is 
wealth.  Weight  is  woe.  Light  is  reflected  from  power. 
Darkness  from  weight  or  weakness. 

If  a  man  leave  the  world  not  happier  for  his  having  lived 
in  it,  his  mission  in  life  has  failed;  he  is  a  sinner. 

If  our  ministers  will  study  debt  and  sin  they  will  find  a 
wonderful  parallelism  which  was  even  indicated  in  the 
Lord's  Prayer. 

The  question  of  the  collection  of  debt  and  of  the  great 
modern  "credit,"  or  rather  ancient  debit  system,  is  a  cen- 
tral one  for  the  study  of  modern  political  economists.  If 
a  farmer  sows  grain  in  the  bosom  of  the  earth  who  shall 
insure  him  a  profitable  crop?  Shall  the  government  in- 
demnify him  if  he  be  not  rewarded  for  his  risk  and  his 
labor,  his  time  and  his  blood? 


THE  CRASH  OF  THE  GOLD  COMBINE. 

It  is  theories  that  confront  us.  We  have  the  conditions 
and  they  are  bad. 

Tlie  theory  of  gold  monometallism  is  contrary  to  the  spirit 
of  the  constitution  of  the  U.  S.  It  is  very  likely  that  it  can 
be  proved  to  be  literall}'  unconstitutional.  Gold  monometal- 
lism is  a  damnable  government  heresy. 

Value  is  the  working  man's  mone3^  Foreign  gold  coins  are 
certified  gold  bullion.  U.  S.  gold  coins  are  gold  bullion  dif- 
ferently certified. 

U.  S.  gold  coins  are  counters  for  their  own  value.  U.  S. 
silver  coins  are  checks  or  counters  for  gold  coins  and  therefore 
may  be  used,  and  are  used,  as  counters  for  the  value  of  gold 
coins. 

Weight  or  gravity  is  a  force.  Value  or  purchasing  power 
is  a  force. 

Specific  gravity  shows  the  relative  gravity  or  the  relative 
gravic  intensity. 

Price  shows  the  relative  value  or  the  relative  valic  inten- 
sity. 

In  the  first  case  the  intensity  of  the  gravic  force  or  the 
force  of  gravity  is  compared,  in  the  second  the  intensity  of 
the  valic  force,  or  the  force  of  value  is  compared.  The  world 
is  unnecessarly  exhausting  its  powers  to  sustain  an  enormous 
gold  vacuum.  The  gold  mbnoply  owns  many  fold  more  gold 
debts  than  g(>ld  and  is  drawing  on  the  vitality  of  mankind 
to  its  full  ability  to  produce  vital  energy  or  value.  In  fact 
it  is  a  noxious  and  destructive  parasite  that  is  poisoning  and 
killing  the  tree.  Or  it  is  a  deadly  vampire  that  is  silently 
bleeding  mankind  to  death. 

It  is  the  province  of  science  and  true  patriotism  to  awaken 
this  innocent  sleeper  and  to  destroy  this  merciless  Blood- 
sucker. 

In  the  wasting  of  the  blood  of  men, 

He  revels, 

Array  your  hosts  to  protect  him  then, 

Ye  devils, 

The  Just  have  raised  Freedom's  ting  again. 

As  rebels. 


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